3 Steps To Establish A Robust Education Plan For Your Kids

Written by Jasmine Andria Illustration by Bryan Chai

The costs of education are becoming increasingly expensive, especially when it comes to tertiary studies. However, the value of a good education is worth the exorbitant costs because it helps your son or daughter gain a footing when they enter the working industry.

Nevertheless, parents are strapped down with more than just the tuition fees as there are other monetary commitments, such as the costs of living, that you must factor in – this is very reason why it’s best to kick-start your child’s education fund early.

Starting an education fund during your child’s early years can save you the financial pain and hardships that will undoubtedly come your way if you head into the future unprepared.

But, to save, you will need to have a financial goal to work towards, and while it can be hard to estimate the future costs of education, there is a way you can gauge your savings target.