Example of how our Educational Investment Simulator works:
A 42-year-old sales executive has two children, a 5-year-old and a 3-year-old. She is concerned about covering the cost of her children's college education at 55 and is looking for an option that will allow her to save for this purpose.To ensure full payment for a 5-year professional degree at an average university in Mexico, you would need at least $42,000 USD.However, with annual inflation of 5% on fees, you will need a savings fund for the 5-year-old of $79,179 USD and one of $87,315 USD for the 3-year-old. Saving month-to-month for a long-term goal allows you to invest that savings so that inflation will not cause you problems and work for yourself during these years. Growth can also cover a percentage of your own goal.
