All the growings started when it was young.
Saving money for your child's future education is very
important. Despite this, studies have shown that many parents today do
not bother to save money for their children. When you fail to save money
for your child, you short change them in the long term.
Why do you need to save for the education of your
Because nobody else will be interested to do so.
Not your neighbour. Not your best friend.
Nor your primary school class monitor's sister-in-law's
By the time they reach the age of 18,
they will be unable to afford the cost of college tuition unless they
take out student loans, and this is precisely what many college students
Parents must take care not to short
change their children in this manner and care for their children by
making proper and adequate savings. When you think about 18 years, it is
a long time, long enough to save a substantial amount of money.
For example, if parents saved as
little as RM100 per month each month for 18 years, their child would
have RM21,500 available for their tuition. If the parents saved RM150
per month, the child would have RM32,400 available for their college
tuition. Yes, it is true that inflation would reduce the value of this
money after 18 years, but that is only if the parents failed to factor
You must begin saving money for your
child's education as soon as possible. The day that your child is born,
you should immediately open a savings account and begin putting away as
much as your income allows.
The earlier you begin saving, the more
money you will have available for the child once they reach the age of
18. The truth of the matter is that your child should be thought of as
The more money you put into now, the
more you will get in the long run. When you do not bother to invest any
money, you could damage the child's future. Even if you are a parent of
limited means, you should try to put away as much as you can as soon as