I saw an article in the Sunday Times about the high cost of financing your child's tertiary education and the need to make savings towards this goal. I wish to supplement the article with these tips: 1. Financing your child's education is only one part of a total financial plan. You also need to save for your own retirement needs. 2. You should set aside 15% (or more) of your monthly income towards savings, on top of your CPF contributions. There will be times in the future when your income drop or you have to meet unexpected expenses or you get unemployed - so it is important to make adequate saving when you have a steady income. 3.  You have to invest your savings in a low cost investment fund to achieve a yield of 4% or higher for the long term. Your money in the bank earns less than ...