Father and Sons

Educational plans, just like any other insurance is a great way to prepare for the future. This is just like saving money for a child’s college education. Instead of saving it on a bank, getting an educational plan is better in a way that the money is directly save for that purpose. If a money will be saved on a bank, even with an intention of using it as a college fund, chances are it will be withdrawn for other needs.

My second son, Sean Timothy, will be three weeks this coming Tuesday. Time really is fast. As early as now I’m thinking of getting Sean his own educational insurance, just like what I did for his elder brother, Matthew.

I don’t consider educational plan an expense, unlike Car Insurance, but a savings and a necessity for my children.

I’m on my third year for Matt’s educational plan. Three more years (including this year) and we’re all set. All we need to do is wait for the money/fund to mature (which is on 2024) and then his college education is secured.

I will be doing the same for Sean.