Saving funds for education of your children

One of the things that is at the forefront of every parents mind is the need for saving for future education for your children. Setting aside money in advance for college or university has become critical as costs of schooling and education continue to spiral.

Some financial companies in South Africa offer educational policies which allows you to save for future education by depositing a certain amount each month.

According to Old Mutual:

"A good education is the key to success. But it costs a great deal of money - and fees are rising all the time. Whether you need to finance school, technikon or university fees, the Old Mutual Education Care Plan is the easiest way to give your children the education they need to fulfil their potential.

Invest from as little as R150 / month, for 10 years, and you could have between R25 900 and R34 300 in the bank for education costs."

Financial Savings Policies

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