How To Ensure You Have Sufficient Fund For Your Children’s Higher Education Fund?

Few steps for you to ensure you have adequate funds:-

1) Determine time horizon that each your children has before they go for their tertiary education.

2) Determine their main area of interest and decide if they want to admit in local or oversea university.

3) Determine the course fee and cost of living. (Financial Adviser may assist you for info).

4) Work out total amount needed with projected rate of education inflation. ( A )

5)  Determine the projected amount of savings you might have from: Unit Trust Portfolios, FD, Maturities Policies, Property Portfolios..etc. ( B )

6) Compute the difference ( A – B ) and work out new or supplementary savings programmed. (May work with financial adviser to determine the amount to be set aside)

7) The sooner you realize the need to have adequate funds, the better chances of having compounding interest to work for you.

You have the power in your hands to Make Sacrifice Now so that you have a more Comfortable Future!