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Baby's Future Education

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If you are a smart parent then you'll be considering the cost of your baby’s education now.

Really what I’m saying here is that the earlier you start putting together the funds for your baby’s future education the better. Recently I came across figures that suggested that today’s children when they attend college will face costs averaging more than $100,000 for four year public institutions, and $200,000 plus for four years of private college! That’s serious money.

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The message could not be any simpler – start saving now! I don’t care if there is a credit crunch, or some of the biggest banks in the world are falling, or if there is recession just abut to hit., put that $5, or $10 away each week without fail, and it will pay dividends for your baby.

 

Let me share with you just some ways in which parents and guardians are tackling education costs today.

 

Put that small amount of money I mentioned above into a regular savings account; think direct debit, and if there is a facility available at your work have your employer route a portion of your pay from each paycheck into the child’s bank account, you’ll be amazed at how quickly it will add up.

 

Another suggestion that springs to mind is that you take small amounts of money and open up a Credit Union account. Most jurisdictions protect Credit Union investments and when you have built up sufficient funds buy some medium to long term Government bonds – 100% guaranteed.

   
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