Save for the future

Hi Mr. Tan,

I was discussing with a friend on a entry in another blog (http://tinyurl.com/2ueorzv) advising readers to concentrate on saving for their retirement instead of children's school fees.

We tend to agree that we should not be worrying too much about supporting our children's education, since they have other options like scholarship, bursary, study loan or even part time studies. May I have you opinion on this please?

HLK

REPLY

I agree with your views. I advise people to save for their future, and to use the savings for education, retirement and emergencies, e.g. loss of employment. They should not lock up the savings just for children's education. 

Read Practical Guide on Financial Planning.