Plan for the future now, not in the future

ALTHOUGH Max Pang, 24, is just entering his fourth year at Singapore Management University (SMU), he has already set up an endowment plan to fund his future children's college education.

"You can't start planning for the future in the future, you've got to start planning for it now," says the finance and operations management major, who has been putting aside S$300 a month for his plan since national service days.

Mr Pang, who is not married but has a girlfriend, only makes the premium payment of S$3,600 at the end of every year, to minimise administrative fees.