“I have three children ages 4, 8 and 11.  I’m worried that I have not been saving any money towards sending them to university. Right now it’s sometimes hard to find the school fees and money for extra activities, but I don’t want them to have to struggle to afford university.

“What can I do with my limited budget?”

The high cost of raising children is a reality that is never going to get easier. Sometimes it’s not that the money isn’t there to pay the school fees, but that parents didn’t start saving early enough to take care of the costs.

The saying “If you fail to plan, you plan to fail“ is really applicable in this case. I think that sometimes we look at the word ‘plan‘ as a bad four-letter word. We live from day to day without a clue for the future, hoping that some happy coincidence will provide us with what we need to survive.

It’s one thing to adopt this attitude when we’re only thinking of ourselves, but when children come into the picture, we owe it to them to plan for their future. Continue reading Planning for Education →