Each day, when you flip through the news, you are greeted with more and more bad news. People losing their jobs, salary increases frozen, factories relocating, food price increase, properties getting less and less affordable and many other worrying situations. For people with families like my hubby and I, these can give us sleepless nights if we had not been more frugal during our younger days. However, thank goodness that we have saved for the rainy days.

When I see my eldest son in his college uniform consisting of a dark colour three-piece suit, tie and black, leather shoes sitting down together with my youngest son in his sailor collar, almost girlish kindergarten uniform, I see a road ahead. Both of them usually go to their respective college and kindie around the same time in the morning. They are going to 6 years old and 19 years old in 2009, a 13 years gap between them.

Sending eldest son and second sons all the way from private college to private university does not seem like a monumental task because we have saved and spent our money wisely. More or less, we know how much we will need for each of them.

However, what is the cost of education in another 12 years? With the rising prices and two more sons who won’t be going to college until many years from now, it is a real cause of concerns for hubby and I. I think other parents also have these worries and doubts because our children’s future lies in our hands. Parents are responsible to see that they are able to give them a good education and good education costs a lot of money.

Since I am married to an accountant, I do not have to worry about my family’s budget and saving plans. The husband has planned well, making sure that we have ample insurance coverage should anything happen. We do not have any outstanding loans or mortgages to worry about because we only live within our means. We have EPF and FDs to fall back on. And a home to call our own.

However, what about other families who do not have the same kind of expertise to deal with their financials? How much do they know about inflation? What kind of insurance coverage do they need? How much should they commit to loans repayments? Most importantly, how do they go about planning and saving for their family?

All these can easily be solved with AmBank’s Family First – a comprehensive, all-in-one families financial solution. They have a site dedicated for this and I am sure people will find their financial tools such as:

a) Budget planner

b) Savings goal

c) Savings over time

d) Money Measure

very useful and easy to comprehend especially while managing your family’s budget and saving plans.

The day you say ‘I do’ and the day you are called a mommy or daddy is the day when you have to shoulder these responsibilities of making sure that your children are given the best protection, most secured future and given all the happiness and comfort they deserve.

So, without making it too technical, go over and find out if AmBank’s Family First can help you and your family. For me, it is always easier to call or meet up with a family banker and get things charted out. But then, I am already married to one. But if you need a contact at AmBank, they have a toll free number at 1 300 80 8888 and email at customercare at ambg.com.my. Alternatively, check out their website www.familyfirst.com.my

With the uncertain future ahead of us, we cannot be too relaxed with our financial situation. It is wise to be prepared for rainy days or we may live to regret that we are unable to provide the best for our children. Their future lies in what we do today.