| Defining your savings goals is the first thing to do | | | | college fund for your child. Remember that each child |
| before you invest, especially when that investment | | | | should get his or her school finance savings fund. |
| will have an impact on your child?s future. | | | | You also need to decide the amount you intend to |
| It is after-all your child?s future that you are investing | | | | save by the time that your child reaches college age. |
| in--and school finance cannot be avoided, as babies | | | | There are many options available for you to choose |
| will grow into adults who need to be given the best | | | | from when it dollar amount. This means that you |
| opportunities we can offer as parents. | | | | calculate the projected cost of public college tuition |
| The best advice that any parent can get is to start | | | | by the time your child is ready for college. |
| saving early. College tuition fees can cause a strain on | | | | The other commonly used method, which many |
| your family's budget and lifestyle. You need to have | | | | parents prefer, involves devoting a fixed percentage |
| a goal to keep you motivated to save. And what | | | | of income to their child's future college costs. The |
| better motivation is there than knowing that the | | | | idea is this: whatever you do, you have to have a |
| money you save will finance your child's education. | | | | defined goal. You should save as much as you can, |
| Normally the best stage to start saving for your | | | | whether it be a large amount, like several hundred |
| child?s finance towards college tuition is at birth. If, | | | | dollars a month or a more modest amount, such as |
| however, you have not started, then the time to | | | | $25 to $50 each month. |
| start saving is now. It is never too late to start | | | | A college education is an investment in the future of |
| saving. | | | | your child. If you truly want to see your child |
| The sooner you start saving, the more time there?ll | | | | succeed, as all parents do, what could possibly be a |
| be for compound interest to build up into a nice | | | | better investment? |