Saving and Preparing for My Education

Rather then setting your heart on an expensive university and raising funds for it, families should just set a reasonable and achievable budget for themselves and look out for good universities within the budget.

I know a family with three children. One day, it dawned on the parents that their children were growing up and would need extra resources to go to university. In order to raise funds for the children, both parents took on a second job full time. Eight years passed; the children had all graduated from universities but the parents were now sickly and haggard. They had sadly neglected their health in order to send their children to university.

But it does not have to be this way.........

Saving for university should be planned early and  involve the whole family. Both parents and children should also be realistic about their budget and work happily to realise their plan. You may ask .......

How early should I start saving?

Families should begin to save as soon as possible. By this I mean at least 5 to 10 years earlier. You may think that it is very hard to save for such a long period of time. But let me assure you that when a family is doing it together, it is lots of fun. Children should also learn to save for the future. This is excellent financial education for them.

Saving together for the future will actually draw the family closer. Children will also learn at a young age to save and  live within their means.