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How Much Money Is Enough For My Education?

 

While a university education is a head start for us, going to an expensive university is not the only way for us to succeed in life.

In fact, my experience of sending my three children through universities shows me that students should live simply and even work part time to supplement their pocket money.

Living simply and working part time is always good for students for the following reasons:

  • Students learn to budget
  • Students learn good values of living frugal lives
  • Working part time can bring in a host of valuable working experiences
  • If students are working on part time jobs related to their field of studies, the work experiences will help them get a good job resume upon graduation.

Families should plan early and discuss the resources that they can provide for each child's education. Students are responsible for using the family's resources for maximum benefits.