answersLogoWhite

0

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.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

Do you have wright to refuse the child support from your child father?

No. If you don't need it then you should deposit it in a college fund for the child.No. If you don't need it then you should deposit it in a college fund for the child.No. If you don't need it then you should deposit it in a college fund for the child.No. If you don't need it then you should deposit it in a college fund for the child.


What is the adult equivilant of a child trust fund?

College Trust FundThe College Trust Fund 529 Plan is the most popular and successful type of trust fund for adults trying to have money for college


What should someone do to create a college fund for their children?

In order to create a college fund for their children people should take some advice from a financial advisor or visit their bank to find out how this can be done. Usually the account is in the name of the child and can only be accessed when they reach the age specified.


Where and how should I set up my child's college savings account?

A child's college savings account can be opened up at a bank. For example Wells Fargo and Bank of America. First, you walk in tell them that you are interested in setting up a college fund and then they'll help you get started.


How many staff should be in a company to start provident fund?

how many staff should e in a company to start provident fund


Should you pay child support if your ex earns more than you?

Yes. A child is entitled to the emotional, physical and financial support of both parents. That's the law. If the custodial parent earns more then perhaps your contribution could be directed toward a college fund. In any case, of course you should pay child support for your own child.Yes. A child is entitled to the emotional, physical and financial support of both parents. That's the law. If the custodial parent earns more then perhaps your contribution could be directed toward a college fund. In any case, of course you should pay child support for your own child.Yes. A child is entitled to the emotional, physical and financial support of both parents. That's the law. If the custodial parent earns more then perhaps your contribution could be directed toward a college fund. In any case, of course you should pay child support for your own child.Yes. A child is entitled to the emotional, physical and financial support of both parents. That's the law. If the custodial parent earns more then perhaps your contribution could be directed toward a college fund. In any case, of course you should pay child support for your own child.


How can you start a child trust fund right now?

The best way to get a trust fund for your child is to contact a professional. You'll need to consider what your goals are for the fund. These goals should be realistic and take into account what assets you have, your income, and what financial goals you have for yourself.


Why is it important for parents to set aside money for a child's college fund?

Setting aside money for a child's college fund is crucial as it helps alleviate the financial burden of higher education, which can be a significant expense. Early savings can take advantage of compound interest, allowing funds to grow over time, making college more affordable. Additionally, having a dedicated fund can instill a sense of responsibility and the value of education in children, encouraging them to pursue their academic goals. Ultimately, a college fund can provide greater opportunities for a child's future career and personal development.


What are child trust fund accounts used for?

Child trust fund accounts are used for parents looking for a long-term savings and investment account to use in your child's future. It is typically used by parents looking to save money over a period of time to afford to send their child to college.


Need tip for saving for child's college.?

It is never too early to start a college fund for children. Also, you do not have to save enough to cover the whole four years. There are other options of paying for college such as grants and scholarships. A website with great tips is http://money.cnn.com/magazines/moneymag/money101/lesson11/.


How do you get custody or visitation and you can't find child?

Well, you need to find the residency of the child to know in what jurisdiction to file. In the meantime, do the child support guideline to see how much you should be paying in your state and start putting it away in a Trust Fund inthe name of the child. see link


Who found the US negro college fund?

who found the us negro college fund