Children Education
Are you on the course to send your children to university?
- Determine potential total cost to university
- Calculate how much to save monthly
- Continue to save enough for retirement
- Consider more aggressive investments
When your child is in the teens...
- Start or continue education savings
- You should always be saving for retirement
When your child is in high school...
- Evaluate whether university is right for your child
- Review your savings for child's education
- Evaluate the possibility of financial aid
- Weigh the quality and cost of university choices
- Pump up savings by cutting expenses, extra job...
When your child enter university...
- Reevaluate total university costs plus living costs
- Savings and investment should be conservative
- Prepare a realistic university budget, discuss with your child and make him/her follow
- Minimise student credit card use
- Have student work part time
- Prepare, educate and start child on their future wealth accumulation planning
- Keep saving for your retirement
Imagine now you are dressed up, holding a bouquet of flowers, going to attend your child's convocation; the joy of tears coming out from your eyes when you see your child receiving the certificate on stage; your child looks so beautiful in the graduation robe, you say to yourself: “That's my baby, that's my child!” What else could be more meaningful and fulfilling than this moment seeing your child graduate; you feel so proud of your child as well as for yourself......
As parent what is the best gift you could give to your child?
Yes! Exactly, the answer is education funding! Ancient Chinese philosopher Lao Tzu once said “Give a man a fish, you feed him for a day;Teach him how to fish, you feed him for a life time.” Therefore, setting up an education fund for children has been a dream for most parents.
1.Do you know that on average the tuition fees increase by 6% per year?
2.How to raise the required fund for child's education?
3.Where can this money come from?
4.How to set up an education fund?
Need an answer to the above question? Please email us...
