Publish Date: 07/03/2019
Best savings options for your child’s education
There are many things you need to consider when looking at a flexible savings account as part of ways to save money for your child’s education, like the rising cost of living and how your savings interest rates may be impacted by this.
Parents with children in high school often say they simply cannot believe how time has flown since your little ones first stepped foot in a classroom. They are right – the pace of life and the pace at which days, weeks, months and years passes by in a blur is a reality which puts many of us in a state of panic.
For parents who were wise enough to implement savings options from an early point in their child’s life, the burden of school costs may be less. Most battle through the 12 years though, continually stressed about what happens after school.
The point is, education is not cheap – secondary or tertiary – and depending on the number of children you want to get through school and university, the costs can drain you literally and emotionally if you have not planned for these.
Avoid these 5 common pitfalls when saving for education:
At African Bank we have helped many customers realise the importance of being financially prepared by opening a flexible savings account which delivers on its promise of the best savings interest rates.
PREPARED ON BEHALF OF AFRICAN BANK BY CATHY FINDLEY PR. CONTACT JACQUI RORKE ON [email protected] OR (011) 463-6372 WITH ANY CONSUMER PR QUERIES.
About African Bank
Our mission is to be a successful Retail Bank offering a wide range of products and services to the consumers of South Africa. The people who work for African Bank represent the diverse population of South Africa; therefore we are a reflection of you, of all South Africans. We seek to provide value - more than our consumers expect of us. We promise to live our purpose 'humanity through banking' in all that we do and we are confident that we can, because 'We are You'.