Personal Finance Money Tips - Latest Comments in Financial Consideration for New Parents in Malaysia

Re: Financial Consideration for New Parents in Malaysia

Mary@SimplyForties — Mon, 03 Nov 2008 18:49:47 -0000

No matter how you look at it, having children is expensive. Good thing they are so much fun! Congratulations!

Re: Financial Consideration for New Parents in Malaysia

Mike — Mon, 27 Oct 2008 23:17:02 -0000

Hello, how about oversea education in 20 years time?

Re: Financial Consideration for New Parents in Malaysia

Jacquelyn — Mon, 27 Oct 2008 19:57:11 -0000

I like this article since it reflects the things parents have to go through to have children. Therefore some financial planning is necessary before deciding how many children we can afford to have. I think it would be unfair to have more when we are unable to afford to give them a good quality of life.

Having the first child was still very manageable. Having subsequent children was more difficult and we really need to budget and plan our expenses to cover all the needs like milk powder, diapers, insurance, childcare, medical bills, etc. as mentioned by KC. Then when they are growing up, we need to consider schooling expenses, tuition, education fund, etc.

Overall, it is a fun and challenging experience but there will be times when you do get frustrated as well. My advice to other parents is to enjoy your time with your kids as they grow up so fast especially the first few years.

Re: Financial Consideration for New Parents in Malaysia

Voyager8 — Mon, 27 Oct 2008 05:24:46 -0000

There is another alternative, which is private division of government hospital. It is still cheaper than most private hospitals, and you can choose your doctor.

My son was born in the private division of HUKM (7th floor) during festive holiday time (hari raya aidilfitri). Considered normal delivery, only head suction is applied to pull him out. Total cost was close to RM2000.