{"id":1184,"date":"2023-03-13T11:10:00","date_gmt":"2023-03-13T03:10:00","guid":{"rendered":"https:\/\/sg-financialadvice.com\/UnderstandingCareshieldLife\/?p=1184"},"modified":"2023-03-01T19:22:48","modified_gmt":"2023-03-01T11:22:48","slug":"five-easy-steps-to-save-for-your-childs-college-fund","status":"publish","type":"post","link":"https:\/\/sg-financialadvice.com\/UnderstandingCareshieldLife\/five-easy-steps-to-save-for-your-childs-college-fund\/","title":{"rendered":"Five Easy Steps to Save For Your Child&#8217;s College Fund"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1184\" class=\"elementor elementor-1184\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-946e4e1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"946e4e1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"aux-parallax-section elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-752035c\" data-id=\"752035c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-350e17a elementor-widget elementor-widget-text-editor\" data-id=\"350e17a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Today&#8217;s parents often have excellent organizational skills.<\/span><\/p><p><span style=\"font-weight: 400;\">Many Singaporean parents, in addition to covering the basics, place their child on a waiting list for the top preschools and enrichment classes, and some even establish their own high quality education at home.<\/span><\/p><p><span style=\"font-weight: 400;\">These parents, like many others, start putting money away for their kids&#8217; college tuition at an early age.<\/span><\/p><p><span style=\"font-weight: 400;\">Even though your child might not start college until 20 years from now, you should start saving and budgeting now to make sure there is enough money to cover their entire college career.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e3f6554 elementor-widget elementor-widget-heading\" data-id=\"e3f6554\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Is It Beneficial to Have a Degree?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d7ea020 elementor-widget elementor-widget-image\" data-id=\"d7ea020\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"940\" height=\"788\" src=\"https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/1.png?fit=940%2C788&amp;ssl=1\" class=\"attachment-full size-full wp-image-1185\" alt=\"\" srcset=\"https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/1.png?w=940&amp;ssl=1 940w, https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/1.png?resize=200%2C168&amp;ssl=1 200w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2af42e3 elementor-widget elementor-widget-text-editor\" data-id=\"2af42e3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Some families are still on the fence about their child&#8217;s college.<\/span><\/p><p><span style=\"font-weight: 400;\">As the freelance economy expands, college may seem unnecessary and expensive. According to a Smartwealth (2021) survey, <\/span><a href=\"https:\/\/smartwealth.sg\/university-costs-survey\/\"><span style=\"font-weight: 400;\">two-thirds of Singaporeans agreed that higher education is extremely expensive<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p><p><span style=\"font-weight: 400;\">Whilst many may question the value of higher education in today&#8217;s world, many remain optimistic about the prospects for those who earn degrees from accredited institutions. 71 %\u00a0 of those who say college is too expensive still think it&#8217;s worth it to go there.<\/span><\/p><p><span style=\"font-weight: 400;\">Having a degree offers you more outstanding remarks in job interviews, but that&#8217;s not all it does for you. It also helps you develop your critical thinking abilities, acquire the ability to hold and analyze different viewpoints, and connect with other aspiring young people who may one day lead the world.<\/span><\/p><p><span style=\"font-weight: 400;\">If you share these values and wish to provide your child with the opportunity to further their education at the university level, then follow these five suggestions.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7ad9310 elementor-widget elementor-widget-heading\" data-id=\"7ad9310\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Step 1: Establish a Solid Foundation<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e8ad1f7 elementor-widget elementor-widget-image\" data-id=\"e8ad1f7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"940\" height=\"788\" src=\"https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/2.png?fit=940%2C788&amp;ssl=1\" class=\"attachment-full size-full wp-image-1186\" alt=\"\" srcset=\"https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/2.png?w=940&amp;ssl=1 940w, https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/2.png?resize=200%2C168&amp;ssl=1 200w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7ac50c elementor-widget elementor-widget-text-editor\" data-id=\"f7ac50c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">We need to make sure your groundwork is solid before we can even talk about the fund. If this isn&#8217;t the case, then having a college savings plan is pointless.<\/span><\/p><p><span style=\"font-weight: 400;\">An emergency fund, sufficient life insurance, and a solid hospitalization plan can help you weather the financial storm that accompanies an unexpected illness or hospitalization.<\/span><\/p><p><span style=\"font-weight: 400;\">These are prerequisites to beginning any kind of saving or investment endeavor, whether for college or retirement. If something bad were to happen and you didn&#8217;t have things in place, you&#8217;d lose everything you&#8217;d saved.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1008141 elementor-widget elementor-widget-heading\" data-id=\"1008141\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Step 2: Choose the Kind of University Education \n<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-869716c elementor-widget elementor-widget-image\" data-id=\"869716c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"940\" height=\"788\" src=\"https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/3.png?fit=940%2C788&amp;ssl=1\" class=\"attachment-full size-full wp-image-1187\" alt=\"\" srcset=\"https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/3.png?w=940&amp;ssl=1 940w, https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/3.png?resize=200%2C168&amp;ssl=1 200w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8127722 elementor-widget elementor-widget-text-editor\" data-id=\"8127722\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">You and your spouse should decide together what sort of college education you want to at least cover for your child, even if it&#8217;s hard to predict what they might be interested in studying.<\/span><\/p><p><span style=\"font-weight: 400;\">Price varies greatly depending on the following:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Where to study: at home or abroad<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">General education versus more specialized programs like medicine, dentistry, law, etc.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Once you have a firm grasp on the cost, you&#8217;ll be better able to plan out how much money you&#8217;ll need to set aside annually to ensure your child has a solid financial footing as they work toward earning the degree of their choice.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2c11565 elementor-widget elementor-widget-heading\" data-id=\"2c11565\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Step 3: Learn the Costs  of College Tuition Fees and Other Expenses<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d236a8f elementor-widget elementor-widget-image\" data-id=\"d236a8f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"788\" src=\"https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/4-1.png?fit=940%2C788&amp;ssl=1\" class=\"attachment-full size-full wp-image-1188\" alt=\"\" srcset=\"https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/4-1.png?w=940&amp;ssl=1 940w, https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/4-1.png?resize=200%2C168&amp;ssl=1 200w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dd07dc4 elementor-widget elementor-widget-text-editor\" data-id=\"dd07dc4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The next step is to determine the precise tuition fees. According to MoneySmart, <\/span><a href=\"https:\/\/blog.moneysmart.sg\/education\/singapore-university-education-cost\/\"><span style=\"font-weight: 400;\">the average cost of a four-year general education degree program at a regional institution is $37,850<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p><p><span style=\"font-weight: 400;\">The overall cost of a university education can reach up to $79,050 when housing and food costs which amounts to $41,200 per year are included.<\/span><\/p><p><span style=\"font-weight: 400;\">To help you plan for the financial commitment of sending your child to a university in the United States, United Kingdom, or Australia, here is the breakdown of tuition and fees for each country.\u00a0<\/span><\/p><p><b>USA<\/b><\/p><p><span style=\"font-weight: 400;\">In 2021, the average college tuition cost at a <\/span><a href=\"https:\/\/www.usnews.com\/education\/best-colleges\/paying-for-college\/articles\/paying-for-college-infographic\"><span style=\"font-weight: 400;\">public university is $10,388 USD and $38,185 USD at a private college<\/span><\/a><span style=\"font-weight: 400;\">. For out-of-state students (including international students), the average cost is $22,698 USD (U.S. News &amp; World Report).<\/span><\/p><p><b>UK<\/b><\/p><p><span style=\"font-weight: 400;\">Undergraduate &#8211; International undergraduate tuition fees vary from <\/span><a href=\"https:\/\/study-uk.britishcouncil.org\/moving-uk\/cost-studying\"><span style=\"font-weight: 400;\">\u00a311,400 &#8211; \u00a338,000<\/span><\/a><span style=\"font-weight: 400;\">. The average cost is estimated to be around \u00a322,200 per year.<\/span><\/p><p><b>Australia<\/b><\/p><p><span style=\"font-weight: 400;\">Bachelor Degree Tuition Fees for international students in Australia begin at around <\/span><a href=\"https:\/\/studyadelaide.com\/whats-happening\/how-much-does-it-cost-study-universities-australia\"><span style=\"font-weight: 400;\">AUD$20,000 per year, with the average tuition fee sitting around AUD$30,000 per year<\/span><\/a><span style=\"font-weight: 400;\"> (source: Australian Universities 2019).<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5887caa elementor-widget elementor-widget-heading\" data-id=\"5887caa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Step 4: Anticipate Future Expenditures by Considering Inflation<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ec6c06d elementor-widget elementor-widget-image\" data-id=\"ec6c06d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"788\" src=\"https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/5-1.png?fit=940%2C788&amp;ssl=1\" class=\"attachment-full size-full wp-image-1189\" alt=\"\" srcset=\"https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/5-1.png?w=940&amp;ssl=1 940w, https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/5-1.png?resize=200%2C168&amp;ssl=1 200w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2648712 elementor-widget elementor-widget-text-editor\" data-id=\"2648712\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Sadly, it&#8217;s extremely doubtful that today&#8217;s tuition costs will remain the same or decrease.<\/span><\/p><p><span style=\"font-weight: 400;\">The expense of higher education has increased by 80.7% since 2000, or<\/span><a href=\"https:\/\/smartwealth.sg\/education-inflation-rate-singapore\/\"><span style=\"font-weight: 400;\"> 3% annually<\/span><\/a><span style=\"font-weight: 400;\"> on average.<\/span><\/p><p><span style=\"font-weight: 400;\">Just like the overall inflation rate, the rate of increase in the cost of living has been on the rise. <\/span><a href=\"https:\/\/tradingeconomics.com\/singapore\/inflation-cpi\"><span style=\"font-weight: 400;\">Singapore\u2019s annual inflation rate ticked up to 6.6% in January 2023 from December&#8217;s 7-month low of 6.5%<\/span><\/a><span style=\"font-weight: 400;\">, but less than market forecasts of 7.1%.<\/span><\/p><p><span style=\"font-weight: 400;\">You don&#8217;t want to find out 20 years from now that the money you&#8217;ve been saving won&#8217;t cover your child&#8217;s expenses for the next three to four years due to inflation, or even worse, that you&#8217;ll have to tap into your retirement fund to make up the difference. If you need help figuring out how much money to put away for school, I&#8217;ve made a free calculator just for you.<\/span><\/p><p><span style=\"font-weight: 400;\">Let&#8217;s say your child is interested in going to college, and the total cost of his or her education will be $36,500 (the latest cost). If your child turns one this year, you will need to save a total of $171,257.15 by the time he is old enough to enroll in college to cover his full tuition, room and board for four years. This means, you&#8217;ll need to put away $713.57 every single month in order to save up for this.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f39c127 elementor-widget elementor-widget-heading\" data-id=\"f39c127\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Step 5: Evaluate Your Choices<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eca34c7 elementor-widget elementor-widget-image\" data-id=\"eca34c7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"788\" src=\"https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/6-1.png?fit=940%2C788&amp;ssl=1\" class=\"attachment-full size-full wp-image-1190\" alt=\"\" srcset=\"https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/6-1.png?w=940&amp;ssl=1 940w, https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/6-1.png?resize=200%2C168&amp;ssl=1 200w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1f68d40 elementor-widget elementor-widget-text-editor\" data-id=\"1f68d40\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Taking in such a huge amount could be intimidating. That could cause you to question if you can continue to treat yourself to little pleasures like a cup of Starbucks coffee on a daily basis.<\/span><\/p><p><span style=\"font-weight: 400;\">Beginning a college savings plan for your child does not have to mean giving up any of your favorite indulgences.<\/span><\/p><p><span style=\"font-weight: 400;\">To give you the best option, you can consider an endowment plan which may offer you an exceptional balance on security and the chance for greater gains. While there are benefits to this, there are also some drawbacks to consider. Every family has its own set of challenges and opportunities, so it&#8217;s crucial that you carefully consider your options\u2014and consult a financial professional if necessary\u2014before making any major decisions.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d5e9f5 elementor-widget elementor-widget-heading\" data-id=\"5d5e9f5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Step 6: Put the Ideal Plan into Action<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-178056a elementor-widget elementor-widget-image\" data-id=\"178056a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"788\" src=\"https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/7-1.png?fit=940%2C788&amp;ssl=1\" class=\"attachment-full size-full wp-image-1191\" alt=\"\" srcset=\"https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/7-1.png?w=940&amp;ssl=1 940w, https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/7-1.png?resize=200%2C168&amp;ssl=1 200w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-effec34 elementor-widget elementor-widget-text-editor\" data-id=\"effec34\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Have you completed every step? Putting up the effort to make the strategy a reality is crucial.<\/span><\/p><p><span style=\"font-weight: 400;\">If you want the best for yourself and your kid, you need to start saving today. It will get increasingly tough if you put it off.<\/span><\/p><p><span style=\"font-weight: 400;\">If you wait 10 years to start saving, you&#8217;ll need to put in a lot more money each month to get to the same point.<\/span><\/p><p><span style=\"font-weight: 400;\">As your expenses are also likely to rise with time, you run the risk of not even being able to finance the amount originally anticipated.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d6be34f elementor-widget elementor-widget-heading\" data-id=\"d6be34f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Conclusion<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-47eb633 elementor-widget elementor-widget-text-editor\" data-id=\"47eb633\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">There is no way around to avoid the fact that twenty years from now the price of a college education will still be high, if not significantly higher. It&#8217;s never too early to start putting money away for your kid&#8217;s future.<\/span><\/p><p><span style=\"font-weight: 400;\">We favor comprehensive financial planning that takes your circumstances into account. Our no-cost, in-depth financial planning session will help you get a thorough evaluation of your current financial situation and chart the best course of action for reaching your goals.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Today&#8217;s parents often have excellent organizational skills. Many Singaporean parents, in addition to covering the basics, place their child on a waiting list for the top preschools and enrichment classes, and some even establish their own high quality education at home. These parents, like many others, start putting money away for their kids&#8217; college tuition [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29],"tags":[32],"class_list":["post-1184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-matters","tag-financial-matters"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-content\/uploads\/2023\/03\/3-1.png?fit=1507%2C969&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-json\/wp\/v2\/posts\/1184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-json\/wp\/v2\/comments?post=1184"}],"version-history":[{"count":4,"href":"https:\/\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-json\/wp\/v2\/posts\/1184\/revisions"}],"predecessor-version":[{"id":1196,"href":"https:\/\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-json\/wp\/v2\/posts\/1184\/revisions\/1196"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-json\/wp\/v2\/media\/1192"}],"wp:attachment":[{"href":"https:\/\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-json\/wp\/v2\/media?parent=1184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-json\/wp\/v2\/categories?post=1184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sg-financialadvice.com\/UnderstandingCareshieldLife\/wp-json\/wp\/v2\/tags?post=1184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}