Giving Your Children an Edge in Life

Описание: All parents want to provide the best education for their children.

But the cost of tertiary education can be hefty and can only increase in the future.

According to experts, a typical Ivy League degree programme, can run you a minimum of US$200,000 currently.

For the more down to earth, even a local tertiary education could set you back by some S$36,000.

The costs may seem overwhelming, but if you plan well in advance, you could give your child the education he or she deserves.

Keep a budget. Write down all your expense and income.

Work out excess gain that could be invested for your children's education. Calculate the total cost of your child's university fees. Work out the sum you will have to spend on other extras. Calculate the cost of transport, school trips and allowance.

You should know the amount of savings you could make monthly as well as the amount you need for your child's education.