Children are the highest of our priorities since they come into our lives. Your safety is still a constant concern in the daily processes in which we are involved. As guardians, ensuring the future of our children becomes our first objective.
Ensuring that they will have the opportunities to develop their potential, both emotionally and personally, that all their occasions will be intact in the future and that they can attend college, even if we miss them; It is the greatest concern of our lives.
How to ensure a university career?
Securing financial assets for your child and guaranteeing him or her the best education is, without a doubt, one of your priorities. Give them the gift of savings and the peace of mind that they will have an estate. There are different financial tools that we will mention in this article and that give you the possibility of creating a long-term fund, even from the day of its birth.
Part of the long-term solution is start saving. Have a Backup plan it is a good financial alternative so that the children are not affected in the years to come. This will allow you from now on to consider amounts and / or expenses so that later you can have a family economic ease.
To create a long-term fund for your children, there are four alternatives:
- Investment Funds. These types of plans are designed to accumulate a certain amount of money, which is invested in various financial instruments, the returns are variable and it is possible to withdraw the accumulated in case of emergencies. An investment fund can be opened from 1,000 pesos and a monthly contribution is agreed that can be for the amount that the contractor wants and can contribute. From the beginning, the minor can be set as the total beneficiary.
- Savings account. To bring children closer to financial institutions so that they can achieve their goals in the future, one option is to open a savings account for them. There are several options on the market specially designed for children. Having the money in a financial institution will give you the confidence that your money is safe and, in addition, it will give you returns.
- Educational insurance. Educational insurance works like any life insurance with a Savings Fund, this type of product is offered in terms of 15, 18 and 22 years and can be purchased when the child is born. The advantage of this instrument is that, in the event of the death of the tutor who opened the account, their education will be fully paid for.
- Fixed deposit. By having a margin of time, time deposits can be another good alternative to accumulate money for the future of children. If the child is small, he will not use the account, so it is a good time to invest in a long-term product that offers a really interesting remuneration. Unlike savings accounts, deposits do not allow access to the money once invested.
Your decisions make their dreams possible
It is recommended that we begin to foster in our children the interest and habit of saving and investing in their future, be persistent if they want something and save with the illusion of meeting their goals.
Therefore, learning to manage ourselves as parents, assessing the advantages of saving and, above all, the importance it has for the future of our family, is the best life lesson we can teach our children. Especially when it comes to investing in education. Studying is what will provide the best tools for your children to be successful in life, on their own. And understanding from an early age, the relevance of studies for their development, will be the necessary motivation for them to complete their professional careers in the future that lie ahead.
At BMI we offer you peace of mind and we offer you life plans with ideal savings to ensure the education of your children. Choose the ideal option for you and your family, and stop worrying, contact us for more information.
Telephone number: (305) 443-2898, or through our digital platforms such as Instagram: @bmicompanies / Facebook: BMI Companies / LinkedIn: BMI Companies / Our website: bmicos.com
