How much per child per month?

How much do you and your spouse spend a month on necessities and savings for each of your children? Trying to do financial planning now and I want to give my kid a good life in the long run and have enough saved for their university education.

Anonymous

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First to buy is hospital and accident plan then saving plan for their education. For hospital and accident plan, we spend about $1.1k annually for each child whereas saving plan till 18 year old, we are paying annually $4k+ for each child. Most important is to work out a figure you are comfortable with.

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