Saturday, 14 June 2014
Funding Your Child’s University in the Future? (2)
Read? Funding Your Child’s University in the Future?
Tuition fees and all living and studying expenses
Three Year Uni course at NUS for son: $30.6K
Four Year Uni course at SMU for daughter: $61.4K ( including an Overseas Exchange Programme in Paris)
Total cost for two children = $92K!
Budgeting $100K for his youngest son's four year Uni course at SUTD.
Total cost for three children = $192K!
From the birth of Uncle888's first son in 1988 to the completion of his youngest son uni study in 2020 = 32 years
Walau!
That is $6K of saving per year or $500 per month for 32 years!
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Do you want to save well for your kids' Uni fund or invest well to achieve it?
ReplyDeleteThe choice is yours!
But, there is no free lunch.
Just curious, uncle 8888 doesn't believe in Child Education Insurance policy? ;-)
ReplyDeleteRead? insurance - enhanced endowment policy suck! - Part 2
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