Invest in your child's future: Tips for saving for university as a parent
As a parent, it’s natural to think about your child’s future and how you might give them the best possible chance of success in life. Among concerns for mental health and wellbeing, financial stability later in life is ranked among some of the top concerns by parents in South Africa and globally. Research confirms that the level of post-school study pursued by high school graduates is strongly correlated with earning potential later in life. The real question is not whether it’s a good idea for your child to study after high school, but rather how you could think about supporting them with the big financial outlay required, whether it’s for university or any other tertiary institution. In South Africa, this question is even more relevant and challenging in attempting to break the cycle of generational inequality that exists.
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