Financial for child education

In a fast moving and growing world where by an eye blink now we are at year 2010. We need to prepare for our child education where in 10 years time the education scheme will definitely going through changes and increase in requirements. One thing for sure, the education fee will definitely will increase. So, what are our plans to better prepare to overcome these changes and challenges?I will cover our future education scheme in a another topic in a near future. Now, I would like to discuss and share my thought on financial for education. In general, most parents already invested in insurance for their child education. Before we could commit of these insurance, investment and saving, we have to have a plan for our child education. I've list down the checklist below:1. What is your education plan for your child future? an engineer, a doctor, a pilot, an academician and entrepreneur2. You may want have a plan A and plan B, which worst case scenario, if plan A does work then you could easily switch to plan B almost immediately.3. Once you chose the education plan then you have to commit on financial commitment which my recommendation, put aside minimum of 10% to 20% of your gross salary for this plan.4. Diversify your financial commitments into 3 main categories; protection (insurance), investment and saving.5. Monitor your child education and ability which you may see his/her potential and adjust your financial commitment accordingly.Lastly, every single cent you spent on our child education will give you a peace at heart and you will never regret.