The cost of university education can be quite high. The average cost is:
Singapore $40,000
Australia $160,000
USA $280,000
The cost is expected to increase in future years.
Are you saving for your child's education?
If you save $300 a month over 16 years, the total savings with interest will be:
2% per annum: $68,000
6% per annum: $95,000
You can get 40% more, if you can invest in a plan that gives you a higher return, and risk reduced through diversification.
I came across this link on best integrated shield plan, hope can provide more insights.
ReplyDeletebest integrated shield plan