With rising costs and increased learning needs, financing our children's education is no longer a simple walk in the park. Discuss with other parents about how they are managing their finances to cope with their expenses.
What happens after my kids are >7yrs old? Does it get channelled to another sort of funds I can use for education? Have not top up till the maximum yet, I guess it make sense to do that so we can get the 1 to 1 top up from the government.
If I remembered correctly, CDA has been extended until the kid turns 12. So, no worries, lots of time to use it.
Yes, basically it is the best kind of "investment" that gives you 100% return, guaranteed. Just that you can't just withdraw out in cash. Just use it whenever you can, like childcare fees, doctor consultation, etc. Just top it up when you want to use the money, no need to hurry, IMHO.