Many parents of this era are great planners.
Apart from purchasing the basic insurance plans, many Singaporean parents also put their child on the waiting list for the best preschools, enrichment classes, and even design their own Montessori-styled education at home.
Likewise, these parents also begin to save for their child’s university education fund.
While your child may only begin their university education 20 years later, starting the planning now will help to ensure that there is enough to fund the entire university education.