Charmaine12 3rd Gear February 15, 2015 Share February 15, 2015 Hi Just to get a rough sensing, how much do I need to save for my kid studies in future. For local university, not overseas. My daughter is almost 3yrs old. So, I should have about 15yrs to save. How much do I need to save monthly to hit the minimum (prudent) sum for her? ↡ Advertisement Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic February 15, 2015 Share February 15, 2015 Alot alot U can calculate today uNi fee times 15 years inflation rate then u got rough amt. Link to post Share on other sites More sharing options...
Vid Hypersonic February 15, 2015 Share February 15, 2015 Local no problem. Normal savings will do. If go overseas, please save at least $1k monthly for the next 15 years. 1 Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic February 15, 2015 Share February 15, 2015 (edited) Local no problem. Normal savings will do. If go overseas, please save at least $1k monthly for the next 15 years.Provided that child got good result or else SIM Overseas is for the rich Edited February 15, 2015 by Thaiyotakamli Link to post Share on other sites More sharing options...
Jimmylim 4th Gear February 15, 2015 Share February 15, 2015 Hi Just to get a rough sensing, how much do I need to save for my kid studies in future. For local university, not overseas. My daughter is almost 3yrs old. So, I should have about 15yrs to save. How much do I need to save monthly to hit the minimum (prudent) sum for her? it depends on your own financial status too. i started off with $500 monthly and along the way, slowly increase the amount when the situation allowed me to, targeting like min 120k by 18 years old. got to review regularly and keep track of your progress. of coz target may have to adjust for inflation but still it is better than having nothing much later. don't just depends on saving deposit alone to build up the fund, the interest rate sucks. i did some investment with the fund too and avoid those saving cum insurance plan offered by either insurance companies or banks as their return is lousy too. even you just buy some local shares with decent dividends returns, you can do much better than them and ask them to get lost with their high charges. it is good that you start to plan and action on it while she is still young. thumb up for you. Link to post Share on other sites More sharing options...
Coltplussport Turbocharged February 15, 2015 Share February 15, 2015 Hi Just to get a rough sensing, how much do I need to save for my kid studies in future. For local university, not overseas. My daughter is almost 3yrs old. So, I should have about 15yrs to save. How much do I need to save monthly to hit the minimum (prudent) sum for her? Local uni can take loan for studies, cash payment very minimum. Mai stress.😄 let them go work part time to supplement their pocket money. Save your money and retire earlier. Link to post Share on other sites More sharing options...
Enye Hypersonic February 15, 2015 Share February 15, 2015 ~100k per child 😅 Link to post Share on other sites More sharing options...
Kangadrool Supersonic February 15, 2015 Share February 15, 2015 (edited) why all planned uni for their kids? Thought some higher ups suggested we should take a second look at being a handyman? Seriously, for the general population, I think we are starting to enter the next phase where specialised handy skills are more 'profitable' than simi accountancy, law and business management. Edited February 15, 2015 by Kangadrool 3 Link to post Share on other sites More sharing options...
Aaronlkl Supersonic February 15, 2015 Share February 15, 2015 Provided that child got good result or else SIM Overseas is for the rich U graduated overseas? 5 Link to post Share on other sites More sharing options...
Evillusion Supersonic February 15, 2015 Share February 15, 2015 why all planned uni for their kids? Thought some higher ups suggested we should take a second look at being a handyman? Seriously, for the general population, I think we are starting to enter the next phase where specialised handy skills are more 'profitable' than simi accountancy, law and business management. those people their money will last 10 generations hor........thats why they say until like that. I will always have this in my mind.......somebody got to be on top for the rest to be below. And dont forget they are the very people that send their children to universities overseas....... Link to post Share on other sites More sharing options...
Kangadrool Supersonic February 15, 2015 Share February 15, 2015 (edited) Sure, everyone including me would like to have their kids to be in the upper echelon. However, it's an 'exclusive' club with limited vacancies up there. What I am saying is, we need to plan for 'worse case' scenario whereby kids don't shine well academically too. Yeah, I only hear these top guns talk rocks, but have yet to see any concrete actions from them to support handyman education and livelihood. those people their money will last 10 generations hor........thats why they say until like that. I will always have this in my mind.......somebody got to be on top for the rest to be below. And dont forget they are the very people that send their children to universities overseas....... Edited February 15, 2015 by Kangadrool 2 Link to post Share on other sites More sharing options...
Evillusion Supersonic February 15, 2015 Share February 15, 2015 Sure, everyone including me would like to have their kids to be in the upper echelon. However, it's an 'exclusive' club with limited vacancies up there. What I am saying is, we need to plan for 'worse case' scenario whereby kids don't shine well academically too. Yeah, I only hear these top guns talk rocks, but have yet to see any concrete actions from them to support handyman education and livelihood. okay....i understand what u mean. No need to be in that brackett. Being just another Joe in the streets is just fine....can be another throttle2, turboflat, lala81 and radx is fine.....i am sure they worked hard to be what they are right now! Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic February 15, 2015 Share February 15, 2015 U graduated overseas? Answer is obvious SIM haha 3 Link to post Share on other sites More sharing options...
Jman888 Moderator February 15, 2015 Share February 15, 2015 Study hard and get scholarships along the way from uni to post graduate, then no need so much money Link to post Share on other sites More sharing options...
Hosaybo 6th Gear February 15, 2015 Share February 15, 2015 Got to say that a lot depends on the kid. Some are better with their hands and may not like studying..... Not u want to put them in uni they conform. Sometimes its not their cup of tea. Force also no use. Of course, if can, should get a deg and develop their other skill as well. Uni is suppose to teach thinking skill and coupled withvhandy skill, got good potential to be a boss. Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 16, 2015 Share February 16, 2015 No need to save so much. If your kid wants to be a doctor send then to uni in India. For other courses can send then to the unis in Johore. A lot of overseas uni set up shop there. 2 Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 16, 2015 Share February 16, 2015 Got to say that a lot depends on the kid. Some are better with their hands and may not like studying..... Not u want to put them in uni they conform. Sometimes its not their cup of tea. Force also no use. Of course, if can, should get a deg and develop their other skill as well. Uni is suppose to teach thinking skill and coupled withvhandy skill, got good potential to be a boss. I am very good with my hands - a lot of lesbians tell me but if you want to be a manager so you don't have to do any work and come MCF and surf everyday, a "deglee" really helps. It just depends on what you want for your kid. Do you want them to slog or do you want them to surf? 3 Link to post Share on other sites More sharing options...
Wyfitms Twincharged February 16, 2015 Share February 16, 2015 No need to save so much. If your kid wants to be a doctor send then to uni in India. For other courses can send then to the unis in Johore. A lot of overseas uni set up shop there. no need india so far newcastle medical school is in johor come, buy a condo in iskandar from me now and keep it for your child to board in 15 yrs time I am very good with my hands - a lot of lesbians tell me but if you want to be a manager so you don't have to do any work and come MCF and surf everyday, a "deglee" really helps. It just depends on what you want for your kid. Do you want them to slog or do you want them to surf? i want my 2 yr old son to sign for liverpool in future and wear the famed number 9 work until 30 yr old and retire hence i am practicing shooting with him everyday so far he can score against me quite easily, maybe i am a lousy GK ↡ Advertisement 2 Link to post Share on other sites More sharing options...
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