--- title: 7 easy steps to invest in the best child education savings plan in UAE description: If you are like me, keen to choose and invest in the best child education savings plan in UAE, then I would recommend the following steps... image: https://www.financialplanningindubai.com/hubfs/dreamstime_s_18231590.jpg --- [![Financial_Planning_in_Dubai_logo](https://www.financialplanningindubai.com/hs-fs/hubfs/Financial%20Planning%20in%20Dubai%20Logo_9090-2.png?width=90&height=90&name=Financial%20Planning%20in%20Dubai%20Logo_9090-2.png "Financial_Planning_in_Dubai_logo")](https://www.financialplanningindubai.com/?hsLang=en-gb) - [Home](https://financialplanningindubai.com/) - [Blog](https://www.financialplanningindubai.com/blog) - [Services](https://www.financialplanningindubai.com/services) - [Islamic Investments & Takaful Plans](https://www.financialplanningindubai.com/blog/salama-hyat-plus-takaful-plan) - [Medical Insurance](https://www.financialplanningindubai.com/blog/topic/medical-insurance) - [Free Resources](https://www.financialplanningindubai.com/free-finanical-tools) - Tools - Calculators - [S&P 500 Investment Calculator](https://financialplanningindubai.com/sp-500-investment-calculator/) - [Life Insurance Calculator](https://www.financialplanningindubai.com/life-insurance-calculator) - [SIP Calculator](https://financialplanningindubai.com/sip-calculator/) - [Lumpsum investment calculator](https://www.financialplanningindubai.com/lump-sum-investment-calculator) - [Inflation Calculator](https://www.financialplanningindubai.com/inflation-calculator-uae) - [Net-Worth Calculator](https://www.financialplanningindubai.com/blog/free-personal-balance-sheet-template-networth-statement) - [The Best Budget Planner for Expats](https://www.financialplanningindubai.com/expat-budget-planner) [Book A Discovery Call](https://www.financialplanningindubai.com/meetings/damodhar?hsLang=en-gb) 7 easy steps to invest in the best child education savings plan in UAE 4:59 # 7 easy steps to invest in the best child education savings plan in UAE ![Damodhar Mata](https://app.hubspot.com/settings/avatar/e63bc971ec29ebe6c012fd042c1a8215) [Damodhar Mata](https://www.financialplanningindubai.com/blog/author/money-mata-aka-damodhar-mata) 7 Dec 2017, 11:19:34 ###### [Investments,](https://www.financialplanningindubai.com/blog/topic/investments) [Education Savings](https://www.financialplanningindubai.com/blog/topic/education-savings) Investing in your child’s education is more than a financial goal; it’s a lifelong gift that empowers them to chase their dreams without limitations.  For parents in the UAE, this is a top priority, as education costs here rank among the highest globally. Did you know? - [The UAE has the second-highest school fees globally (HSBC Study).](http://gulfnews.com/business/money/uae-school-fees-second-highest-in-the-world-hsbc-study-1.2052333)  - [Educating a child in the UAE can cost over AED 1 million (Khaleej Times).](https://www.khaleejtimes.com/news/education/educating-child-in-uae-costs-dh1-million-says-study) If you are like me, keen to choose and invest in the [Best Child Education Plan](https://www.financialplanningindubai.com/childrens-education-planning?hsLang=en-gb), then I would recommend the following steps ## **1. Decide Where Your Child Is Likely to Study** The first step is to identify where your child might pursue higher education. Common destinations for UAE parents include the UAE, the UK, Canada, and India. Each country has varying costs for tuition and living. Here’s a snapshot of average annual education and living costs : | Country | Tuition Fees (USD/year) | Living Expenses (USD/year) | Total Cost (USD/year) | | --- | --- | --- | --- | |   UAE |   $20,000 |   $20,000 |   $40,000 | | USA | $35,000 | $15,000 | $50,000 | | UK | $35,000 | $20,000 | $55,000 | | Canada | $35,000 | $15,000 | $50,000 | | India(Fees for NRI and Foreginers) | $12,000 | $8,000 | $20,000 | ### **Actionable Step:** Pick the country where you want to send your child for higher education and use that figure to calculate your savings goal. For instance, if your target is the UK and a four-year degree costs $220,000 today, adjust for inflation to project the future amount ## **2. Determine How Long You Have to Save** Time is money when it comes to investing in a child education savings plan. Let’s break it down into practical numbers: If your child is 3 years old and will attend university at 18, you technically have 15 years. However, think of this in terms of pay cycles: - 15 years = 180 monthly salaries. Missing even one salary’s worth of savings can set you back, so start early and consistently. ### **Actionable Step:** Start an children's education plan with a monthly payment option and continue until the goal is achieved. own your target amount into achievable monthly contributions. ## **3. Account for Inflation** [Inflation](https://www.financialplanningindubai.com/inflation-calculator-uae?hsLang=en-gb) is like a hungry monster, constantly eating away our savings for breakfast, lunch and dinner. It can significantly increase education costs. For example, if inflation on UK tuition fees is 5% annually, the $220,000 cost today will rise to approximately $460,000 in 15 years. | **Rate of Return** | **Monthly Savings Needed for $460K (15 Years)** | | --- | --- | | 5% | $2,150 | | 7% | $1,900 | | 9% | $1,700 | ### **Actionable Step:** Invest in education savings plans with high growth potential - Like Zurich Education Savings Plan ## **4. Start Investing Early** The earlier you start, the more time your money has to grow. Here’s how investments compound over time: | **Monthly Investment** | **Growth Rate** | **Time (Years)** | **Final Value (USD)** | | --- | --- | --- | --- | | $1,000 | 9% | 5 | $75,273 | | $1,000 | 9% | 10 | $191,088 | | $1,000 | 9% | 15 | $369,284 | ### **Actionable Step:** Open an education savings plan today, even if you start small. Gradually increase contributions as your income grows. ## **5. Assess Your Risk Appetite** Your investment strategy depends on your risk tolerance and time horizon. In the UAE, you can choose from three primary types of plans: - [Capital protected with fixed and guaranteed bonus](https://www.financialplanningindubai.com/blog/2017/07/05/professional-education-plan-pep?hsLang=en-gb) - [Capital protected with variable bonus](https://www.financialplanningindubai.com/blog/2017/03/15/regular-saving-plans-lic-international?hsLang=en-gb) - [Market-linked investments](https://www.financialplanningindubai.com/blog/2013/10/21/generali-vision-best-savings-plan-dubai?hsLang=en-gb) ### **Actionable Step:** Speak with a financial advisor to match your risk profile with the right plan. Review the terms and conditions thoroughly before committing. ## **6. Include Protection** Life is unpredictable, but your child’s education doesn’t have to be. Combine your investment with life and critical illness insurance to safeguard their future, no matter what happens. ### **Actionable Step:** Work with a financial advisor to bundle protection with your education savings plan. - [Term Insurance](https://www.financialplanningindubai.com/blog/2013/03/06/term-insurance-in-uae-an-overview?hsLang=en-gb)**:** Low-cost coverage with high payouts. - [Endowment plans](https://www.financialplanningindubai.com/blog/2016/10/17/endowment-policy?hsLang=en-gb)**:** Combine savings with life insurance. ## **7. Seek Professional Advice** Navigating the financial landscape can be overwhelming. A qualified advisor can help you: - Set realistic savings goals. - Identify the best investment opportunities. - Optimize your portfolio for growth and protection. ### **Actionable Step:** Schedule a free consultation with me, Damodhar Mata, to discuss your child’s education savings goals and explore personalized solutions. --- ### **Final Thoughts** Your child’s education is one of the most significant investments you’ll make. With the right plan, consistent effort, and professional guidance, you can secure their future without compromising your financial well-being. [![Click Here to Arrange a Free Consultation](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/2672634/3a1f3c56-7c62-45e9-be25-42598cc31533.png)](https://hubspot-cta-redirect-eu1-prod.s3.amazonaws.com/cta/redirect/2672634/3a1f3c56-7c62-45e9-be25-42598cc31533) ![Damodhar Mata](https://app.hubspot.com/settings/avatar/e63bc971ec29ebe6c012fd042c1a8215) [Damodhar Mata](https://www.financialplanningindubai.com/blog/author/money-mata-aka-damodhar-mata) Author, Blogger & Independent Financial Advisor. My goal is to give you actionable tools for creating passive income and building wealth. More than 10,000 expats have already used my ideas to jumpstart their journey towards financial independence. Connect with me to start yours... Share this article on [mailto:?subject=Check%20out%207%20easy%20steps%20to%20invest%20in%20the%20best%20child%20education%20savings%20plan%20in%20UAE%20&body=Check%20out%20https://www.financialplanningindubai.com/blog/best-child-education-savings-plan-in-uae](mailto:?subject=Check%20out%207%20easy%20steps%20to%20invest%20in%20the%20best%20child%20education%20savings%20plan%20in%20UAE%20&body=Check%20out%20https://www.financialplanningindubai.com/blog/best-child-education-savings-plan-in-uae) ##### Read more - [The Real C-Suite – The Only Title That Matters 🏆](https://www.financialplanningindubai.com/blog/breadwinner?hsLang=en-gb) - [The Wealth Secret 99% of Investors Ignore – Will You?](https://www.financialplanningindubai.com/blog/the-iceberg-of-investing?hsLang=en-gb) - [From Risk to Reward? 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