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When is it wise for a parent to start saving for a child's college education?
Wiki User
∙ 10y ago
Parents views on this would vary, some parents may start when a child is as young as 10 and others may begin when they are 15. Some parents may also not want to pay for their child's college education as local governments can support their education for free depending on which country or city you live in.
Wiki User
∙ 10y ago
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How can I start saving for my child's education?
College savings plans are called 529 plans. They allow you to prepay for your childs college education. You can read more about them at http://www.savingforcollege.com/
The Importance of Saving for Education?
Leading up to going to college, there are few things as important as keeping your grades up to snuff with the requirements of the colleges you're looking at. Saving for education is one of these things, since without the money to go to college you won't ever have a chance to put those grades to work for you. This is the importance of saving for education. After all, you can be the greatest student in the world and still possibly not get a full ride to your choice college. If you don't spend time saving for education, you may never get to go to college at all.
What are some sites that offer a college saving calculator?
MSNmoney is a good site to find a college saving calculator to help you with a long term plan on saving money for your children's education fund. Another good location is CNNmoney. You may also want to try your local bank website which can direct you to a planning solution for college savings.
College Savigns?
form_title=Set Up a College Savings Account form_header=Start saving early to pay for your children's college education. What is the current age of the child?=_ How much do you want to save?=_ How will you be funding this account?=_
Does the level of education influence saving habit in nigeria?
The level of education does indeed affect the saving habits in Nigeria. Those with higher levels of education tend to be better at saving compared to those with lower levels of education.
When can a parent start a college savings plan for their child?
There are several options for a parent to start a college savings plan for their child. Many parents do not start thinking about saving for college until their child is in their teens. Financial advisors say that it is best to begin a college savings plan once your child is born. This way parents can ensure that they will be able to save up enough money by the time their child graduates high school.
When and how should I set up my child's college savings account?
You should start saving for you child's college savings account as soon as possible. A really good college savings plan is the 529 plan. With this plan you can set aside money for your child's college education and it will continue to grow tax free.
What is a good way to start saving for college for my children?
Different states have different programs for saving and investing for your child's college. There are many programs that offer college savings, or a 529 plan.
Secure Your Child's Future By Saving For Education?
In today's job market, many careers mandate a college education of at least four years. As college costs rise annually, the student's family faces increased financial pressure. Saving for your child's education makes financial sense and helps to secure their future. Talk with a financial planner to determine how much to save. With a goal, your family can now begin saving. Solicit grandparents by requesting monetary gifts instead of toys. Match any employment earnings your child agrees to save. Work together to reach your goal to financially secure your child's educational future.
When should one start a college fund for one's child?
It's never too soon to start a college fund for your children, or even future children's education. Starting out early gives you the opportunity to earn interest if saving in a bank account.
Tips for Financing a College Education?
Over the past decade, the cost of tuition for college has increased dramatically. At the same time, the need to go to college in order to succeed professionally has also increased. While it is expensive, there are ways that you can finance a college education. One of the most important tips for financing a college education is to start planning early. To ensure that you have enough money saved for your kids� educations, you should start saving in a 529 savings plan as soon as they are born. These accounts come with several different tax benefits that are not available in other savings accounts.
What has the author Jennifer Ma written?
Jennifer Ma has written: 'Education saving incentives and household saving' -- subject(s): Economic aspects, Economic aspects of Households, Education savings accounts, Households, Interest rates, Saving and investment
