Personal Financial Index® ( PFITM )
Step 4: College Education
College Education
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Number of children yet to go to college |
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Total one year cost of college currently |
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Expected avg. annual tuition inflation |
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Child 1
Age:10 years You need to save monthly:
Age of child 1 |
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% of total cost you intend to pay for child 1 |
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Amount saved so far for child 1's education |
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Current monthly saving for child 1's education |
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Expected avg. annual return on child 1's savings |
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Your expected monthly contribution for child 1 should be approximately :
For child 1 you need to save monthly an additional:
Child 2
Age:8 years You need to save monthly:
Age of child 2 |
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% of total cost you intend to pay for child 2 |
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Amount saved so far for child 2's education |
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Current monthly saving for child 2's education |
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Expected avg. annual return on child 2's savings |
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Your expected monthly contribution for child 2 should be approximately :
For child 2 you need to save monthly an additional:
Child 3
Age:6 years You need to save monthly:
Age of child 3 |
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% of total cost you intend to pay for child 3 |
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Amount saved so far for child 3's education |
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Current monthly saving for child 3's education |
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Expected avg. annual return on child 3's savings |
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Your expected monthly contribution for child 3 should be approximately :
For child 3 you need to save monthly an additional:
Child 4
Age:4 years You need to save monthly:
Age of child 4 |
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% of total cost you intend to pay for child 4 |
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Amount saved so far for child 4's education |
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Current monthly saving for child 4's education |
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Expected avg. annual return on child 4's savings |
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Your expected monthly contribution for child 4 should be approximately :
For child 4 you need to save monthly an additional:
Child 5
Age:2 years You need to save monthly:
Age of child 5 |
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% of total cost you intend to pay for child 5 |
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Amount saved so far for child 5's education |
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Current monthly saving for child 5's education |
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Expected avg. annual return on child 5's savings |
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Your expected monthly contribution for child 5 should be approximately :
For child 5 you need to save monthly an additional:
Child 6
Age:0 years You need to save monthly:
Age of child 6 |
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% of total cost you intend to pay for child 6 |
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Amount saved so far for child 6's education |
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Current monthly saving for child 6's education |
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Expected avg. annual return on child 6's savings |
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Your expected monthly contribution for child 6 should be approximately :
For child 6 you need to save monthly an additional:
d = default values