Education Planning in Malaysia

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7 Common Mistakes parents make when it comes to saving for their children’s education:

Starting too late and not saving enough to cover the full cost of education
Focusing only on one type of savings account or investment option
Failing to adjust savings goals as children grow and educational goals change
Raiding the education savings account for other expenses
Not having a contingency plan for unexpected expenses or emergencies
Overestimating the availability of financial aid or scholarships
Ignoring inflation and failing to review their investment portfolio regularly

It’s important for parents to regularly review and adjust their education savings goals as their child grows and their educational goals change, taking into account factors such as inflation, changing economic conditions, and the cost of education at various institutions.

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