Or for Medicine
Pros & Cons of Saving in the Bank, in an Insurance type Education plan and Investment Plan:
Some are deterred from saving in an education type savings plan or investment plan due to the fixed commitment period.
However, would you not agree that high commitment = high chance of reaching your goal?
The low commitment and high flexibility of saving in the bank often means we do not achieve our goals because it is all too easy to skip saving a month, two months… and then stop.
If you definitely want to see your children through to University, then you need a definite savings plan drawn up too.
What would be the most suitable plan for you? It could be one of the options mentioned above or even a combination.
Find out more by scheduling a planning session today!
Important: The information and opinions in this article are for general information purposes only. They should not be relied on as professional financial advice. Readers should seek independent financial advice that is customised to their specific financial objectives, situations & needs. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.
“The sweetest satisfaction lies not in climbing your own Everest, but in helping others climb theirs” by Max Lucado resonates with me.
I strongly believe in the importance of helping families and individuals make wise financial decisions so that they can enjoy peace of mind and focus on their priorities and what truly matters in their life.
Over the years, my passion for helping clients achieve their goals has helped me to develop a systematic approach to diagnosing potential financial issues in a family or medical situation as well as roadblocks to short-term and long-term financial goals.
I enjoy understanding each family’s needs and unique circumstances before designing suitable solutions, while adapting to their changing needs along the way.
Making a difference in the lives of those I meet, enabling them to make sound financial decisions to navigate them on the path to success is a daily motivation for me.
Can I make a difference in yours?
Find out in an exploratory discussion here!
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