Prioritising your child’s education before your own retirement?

This might just be one of the most selfish things you can do.

Our financial lives are packed with tough choices: buying a home, paying a mortgage, saving for retirement and paying for your child’s higher education fees. One of the main concerns of any Singaporean parent is his or her child’s education. Speak to any parent and the topic of education is bound to come up.

Retirement savings or University fees?

If you had to choose between funding your child’s university education or your own retirement, which is the wiser choice? This is not an easy question to answer. As parents, you only want the best for your child, and this includes providing you’re their education. Due to this and the rising tuition costs, parents are pushing their own retirement needs aside to fund for their child’s education.

It is all about balancing. 

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