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 education?

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 best friend.

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 do. 

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 in inflation.

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 an investment.

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 possible.