Any recommendations on a savings plan for my kid’s future education?
I plan to put aside about $300 every month for my kids future education expenses. Who can suggest a savings plan that can meet my need?
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I strongly recommend the Singapore Saving Bond for at least 10 years and try to make it $500 minimum a month. Consider increasing the monthly deposit amount to allow for inflation in education expenses as if you plan without considering the inflation rate, you may fall short of the amount required. I also recommend considering endowments that provide significant coupons annually which could help supplement your kid's tuition, textbooks, pocket money expenses and at the same time, help save for their university tuition.