When you consider what it will cost to educate your child, it's easy to fall into a flat panic. Episode 11 of the Change in your Pocket series looks at ways to save for your child's education. https://www.youtube.com/watch?v=BI2-NFTx4gQ – Video...
Using your child’s tax-free savings account is not necessarily the best vehicle for their education fund. Since the launch of the tax-free savings accounts (TFSAs) there have been suggestions that this would be an ideal way to save for your child’s...
While borrowing money is generally a bad idea, a student loan is an exception. For individuals who work hard, get their qualifications and manage their loan repayments, a student loan can lead to wealth creation. According to Advtech, within two...
by Niel Fourie, Public Policy Actuary, Actuarial Society of South Africa The short answer to the question "Should you pay school fees in advance"Â is: not if you have other short-term debt. Most schools have informed parents of the new school fees...
When I was in grade one at a government school in 1984, my school fees for the year were 25 cents. I have the receipt to prove it! When my son started grade one last year though, we had to fork out just under R30 000 for the year. Ouch. We’re...
Choosing to save for your child’s education ahead of your own retirement plan may be a risky strategy but it is understandable given the rising costs of education. According to the Old Mutual Savings and Investment Monitor, 54% of South Africans...
