Savings For The Kids’ Tertiary Education

Sherilyn is now into Grade 2 of the Royal Academy of Dance for ballet. When she first attended ballet lessons, we paid only about RM70 for a once weekly lesson. Then, a few months before the exam, the teacher increased the lessons to twice weekly and the fees was doubled too. Now that she is in Grade 2, the fee is RM170 a month for twice weekly lessons. This is what The Husband paid last week :

A whopping sum of  RM618 for April, May, June fees and other miscellaneous items.

What do you think of the fees? Expensive? If I were to send Cass and Alycia for ballet or music class soon, The Husband would have to cough out at least RM400 a month on ballet and music. With art class, Mandarin tuition, swimming, UCMAS class, pre-school fees and other inevitable expenses, our expenses on our 3 girls alone totals up to RM2k a month. Household expenses and food bill are not included yet.   These are all very basic expenses of a medium class family living in the Klang Valley. I have been thinking… if I quit my online store business, would we still have a four-figure savings in our bank accounts every month?? We would require at least half a million bucks for our girls’ university funds though they all have an insurance plan with medical and education roped in.

Do you put in a four-figure savings in your bank account every month? How much do you save for your kids’ tertiary education funds a month? Let’s discuss! 🙂







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