Thursday, June 3, 2010

Saving for your child's future

Parents should start planning for children’s education funds as early as possible to minimize any shortfall which will be affected by inflation for education. There is a estimation that a three-year (non-medical) course in Singapore will cost $84,577 in 15 years’ time and $96,413 in 20 years’ time.

For people who chose to build funds through investments, look for the track records of fund manager and the resilience of the fund during times of volatility. Insurance should not be neglected as well as there is a need to protect against unforeseen events such as total and permanent disability or pre-matured death.

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