Saving for your children’s education is one of the most worthwhile things you can do for their future. It can also be challenging if you don’t know where or how to start.
With this in mind we’ve developed Sanlam Goal Manager to help you and your financial planner set your savings goal for your child’s education and plan your savings journey. Sanlam Goal Manager will calculate the cost of your child’s future education, for example, a four-year degree in ten years’ time, and to help you work out a savings plan you can afford to make sure your dream becomes a reality.
A Sanlam financial planner or accredited broker can help guide you through these important personal financial decisions. Professional advice is crucial in your when planning your savings journey. Find out what it will cost for your child to do a three- or four-year degree, so you know how much you need to save every month.
Every year, Sanlam Goal Manager will review your goal, send you the latest cost of education fees to show you if you’re still on track to reach your goal amount, and recommend adjustments to your monthly payments if necessary. It is also flexible and allows you to adjust your goal amount and monthly payments as circumstances change, while showing you the impact this could have on your end goal.
Basically, Sanlam Goal Manager keeps a record of your savings journey, saves you hours of research and worry by automatically adjusting your recommended monthly payments, and makes sure you’re able to achieve your goal with no surprises along the way. It will feel great knowing that everything is on track, and nothing is left to chance.
Speak to your Sanlam financial planner or accredited broker to find out more about Sanlam Goal Manager’s pragmatic features and reliable data that will give you guidance so that you can achieve your savings goals.
Download our Goal Manager Info Sheet
Get a view of the cost of tertiary education.
Calculate how much you need to invest.
Start saving for your child’s education.
Talk to a professional financial planner.
More than 51% of youth aged 18–24 claimed that they did not have the financial means to pay for their tuition.
18% of those aged 18–24 who were not attending educational institutions indicated that their poor academic performance prevented them from participating.
To get a view of tuition and residence costs at different tertiary institutions, select the course and indicate whether it should include residence.
Whether your child is two years old or about to go to high school, it’s never too early or too late to start saving for tertiary education. Find out how much you need to invest to secure your child’s future.
Another way to start saving for your child’s education.
From R350 - R2 750 per month or
R10 000 - R33 000 once-off.