How Much Does Children's Education Cost?
| Education Stage | Public School | Private/International School |
|---|---|---|
| Kindergarten | $30,000/year | $100,000+/year |
| Elementary School | $20,000/year | $80,000+/year |
| Middle School | $30,000/year | $100,000+/year |
| University (Overseas) | - | $200,000+/year |
Savings Strategies for Children's Education Fund
Strategy 1: Time in the Market
The earlier you start, the better:
- Start when the child is born
- Save a fixed amount monthly
- Benefit from compound interest
Strategy 2: Goal-Oriented Approach
Child is young (0-5 years): Choose higher-risk investments
Child is in school (6-15 years): Gradually reduce risk
Child approaching university (16-18 years): Focus on conservative investments
Summary
Preparing a children's education fund:
- Start as early as possible
- Adjust risk based on the child's age
- Choose suitable investment vehicles
- Review and adjust regularly