I have two kids with me, let them to have basic education level and pursue higher education till Bachelor degree program is my duty as their parent.
They can study their Bachelor degree program at the local government owned universities with the education fee at below MYR (Malaysia Ringgit) 20,000, or equivalent to about USD5,000 for 3 years program.
Plus the tuition, stationery, and daily spending, the 3 years campus life might take up about MYR 60,000 or about USD13,000 of my saving for each child.
However, they might not able to enter the government owned universities if they are not taking the government examination when they are at Pre-U level or study in the private school.
If this is the case, the education cost for each child might surge up more than MYR100,000 or equivalent to USD20,000 for studying in the private college in the country. This not even included their living expensive during the campus life.
Some financial advisors around me always suggest me to purchase some investment-link fund insurance policy or mutual fund for paying the children’s education cost in 15-20 years later.
However, I simply the premium cost is a bit pricey and not affordable for me. Thus, I don’t take up their advice.
Thus, my strategies on preparing the education fund of the kids are:
Please feel free to share your ideas or strategy on accumulating the education fund for your children.
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it is hard to say that, but if that is life then we have to accept it, some can not offer life also to their kids, little better than more, and as human we always want more and more, and that keep life going, to learn is great, but some learn in the schools and university but they are rude, no manners, life is the best and biggest school. if they can not learn from schools then learn from life, its better school any way, you can not live without life learning, experience and communicating is the best school in the life ever absolutely, so accept what you have and try to reach the sky but if you could not its ok try some thing else, no body at all ever ever ever has all the life offers, some has this and some has that, some has bigger quantity from this and some has less from that. Its life and thats it