Unless you are
financially secure now and know you always will be, there really is only one strategy,
start saving
for the
future now by developing a savings
plan around your monthly budget.
But more often than not, you should not opt
for a 20 year
plan maybe because you have a finite goal of higher education in 16 years which may be 15 or even 17 years depending on which school she gets through, which country, the rank, admission procedure, season of entry, etc. so these are considerations much later in life, when the child is actually old enough to decide what she wants to study but as a parent you need to
start way ahead and thus when you
plan for her when she is only 5 years old, you need to
financially plan for yourself so that your child gets the lumpsum amount when she is 21 years old and does not need to wait
for a few more years
for a better return, etc. the child's
future will not wait and thus as parent, you need to
plan accordingly.