Education
Expatriates living overseas are usually obliged to fund their children's education. Free schooling and higher education are not usually available to expatriates who often have to choose between expensive private schools locally or boarding schools at home. The subsequent expenses could substantially reduce your net disposable income.
To be able to cope with ever-increasing school and university fees, committing to a long-term savings scheme is essential. Planning ahead and making sure that the necessary funds are available when required leads to financial freedom for yourself while securing your child's education.
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