facebookI'm planning to set aside $500 every month for my kid future education expenses (eg primary school tuition fee, ballet). Any suggestions or recommendation on savings plan that can cater to my need? - Seedly
Seedly logo
Seedly logo
 

Advertisement

Anonymous

18 Apr 2019

Random

I'm planning to set aside $500 every month for my kid future education expenses (eg primary school tuition fee, ballet). Any suggestions or recommendation on savings plan that can cater to my need?

9

      Discussion (9)

      What are your thoughts?

      HC Tang

      HC Tang

      22 Sep 2018

      Level 13·Financial Enthusiast, Budgeting at The Society

      hi

      Maybe you can look at how much does it cost for the potential program you want to enrol them in, and work backwards to be realistic. Otherwise, we won't know if $500 is sufficient and we also won't know how long do we need to save / invest to be just in time for the usage of the fund.

      Read:

      https://www.theonlinecitizen.com/2018/05/24/chi...

      and

      https://www.valuechampion.sg/2018/05/child-educ...

      To find out more on the potential total cost requires and then you can ask the community on how much to save, how long to save and to save / invest in what tools to achieve your target in time :)

      Cheers

      Reply

      Save

          Ming Ann

          Ming Ann

          03 Oct 2018

          Level 4·Financial Consultant at Prudential

          Do take note of the time horizon that you are planning to save as well (how many years and how much did you want to save ??)

          Reply

          Save

              Jason Sing

              Jason Sing

              23 Sep 2018

              Level 10·School Of Hard Knocks And Life at School Of Hard Knocks And Life

              Singapore Saving Bond for 10 years...

              Read 7 other comments with a Seedly account

              You will also enjoy exclusive benefits and get access to members only features.

              Continue with Facebook
              Sign in with Apple

              Sign up or login with an email here

              Write your thoughts

              Advertisement