Tips for parents
As the family's main income earner, have you ever thought what might happen if you got sick, or had an accident? Would your family face money problems? Can you prevent such problems? Yes, insurance can protect your family's wellbeing, but coverage and cost vary. So, what insurance should you buy to take care of your family, which is also cost-effective?
70% of parents feel the pressure of education costs for their primary or secondary school children, according to an Investor Education Centre's research, Financial Habits of Four Key Segments (parents, tertiary students, working adults, retirees). This is often heightened because they have big ambitions for their kids.
Marriage, buying a home and having children are seen by many people as the three pillars of a family. But do you really need to buy a home or should you rent first? What are the benefits and risks of one over the other, and how should you prepare a financial plan?
If you are about to become a parent, congratulations! Having a baby is an exciting and special event. You should, however, be fully prepared financially for the new arrival.