In financial planning, children's education fund is an important part of it unless you don't wish to have a child, or do not have a child for some reasons.
This education fund is for their tertiary education (pre-U & university/college) when they graduate from secondary schools.
How much should parent save for their children education funds? Is it RM50k, RM200k or RM500k?
Of course this depends very much on which courses and where the children want to study.
Here are some info from StudyMalaysia regarding average tertiary education cost in Malaysia's private colleges & universities.