As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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Sunday, 4 October 2009

Nest Egg For Children's University Education

thesundaytimes, Oct 4, 2009, invest

There is a table showing Cost of tertiary studies at a glance (source: Alpha Financial Advisers)

Singapore: 4 yrs, with Honours at $71K (including living expenses and for non-medical degree courses)

A degree course currently at NUS:

$71K for 4 yrs:
  • about $32K-34K is payable to tuition fee and other fees
  • left with $37K for living expenses - about $708 per month (This figure is close to my own estimation of living expenses)

At SMU, it will cost more
  • about $40K is payable to tuition fee and other fees
  • living expenses at SMU will be much higher than $708 per month and they need to dress up nicely.

10 years' time: $100K
15 years' time: $120K
20 years' time: $142K

Have you started planning for your kids' Uni fund? How?

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