How Much Malaysians Need To Save For Their Kids’ Education

Written by Emmanuel Surendra

In an age where the common degree has become a prerequisite and not so much an advantage, ensuring that you have enough to see your children through a reputable university has inadvertently become one of the most important responsibilities you’ll face as a parent.

Unfortunately, knowing how much to save for your kids’ tertiary education is not an easy question to answer. In fact, it is downright complex in view of the vast differences in costs from degree to degree, university to university, and country to country. And even for those who do have a number in mind, there is still the question of when you should start saving, using which savings or investment vehicle.

Recent fluctuations in the Malaysian currency have also caused a significant rise in the cost of education abroad.

If you have been wondering about your financial capabilities to finance your kids’ education, or you have been seeking a workable method to save a sizable study fund for your children, allow iMoney to shed some light on this matter with our latest infographic.

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This article was first published on Aug 26, 2013.