You want the best for your children’s future and that means giving them a good education no matter what it takes. The cost of education increases more than the cost of living each year, so the problem of providing for education becomes even more challenging, especially as your children grow older. Putting some money aside in advance can help you save up a large amount before your children go to school. The sooner you start saving, the less you have to save each month and the better your chances are of reaching your education goals.
It is also important to think about your children's future should you no longer be around, do you want to give your child the gift of education or would you have wanted to contribute to them starting a business? To have the peace of mind that you will contribute, make sure that you have enough life cover in place and that you have a valid and updated will.
The infographic below offers some options to consider after after school. You can use this as a guide to discuss the options with your child(ren).