The biggest financial priority that a parent typically faces - apart from his retirement nest egg, is his children's university education.
Numbers. Say for e.g. as written in the article, a non-laboratory course in a local uninversity costing around S$65k can easily inflate to S$130k in 20yrs time. One of the most wonderful gift a parent can give to his/her child would be a wonderful education, and having not to worry about the university fee is definitely a bonus.
In my times, parents would not overduly worried by such numbers. Eventually most of my friends, including myself, still managed to graduate smoothly via using bank loans or simply using our parents' CPF. Do you want your child to go through the same process as well?
If you wish to prepare ahead, there are many options which you can consider. Read on, and find out more.
Numbers. Say for e.g. as written in the article, a non-laboratory course in a local uninversity costing around S$65k can easily inflate to S$130k in 20yrs time. One of the most wonderful gift a parent can give to his/her child would be a wonderful education, and having not to worry about the university fee is definitely a bonus.
In my times, parents would not overduly worried by such numbers. Eventually most of my friends, including myself, still managed to graduate smoothly via using bank loans or simply using our parents' CPF. Do you want your child to go through the same process as well?
If you wish to prepare ahead, there are many options which you can consider. Read on, and find out more.
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