Saving Up For Your Child's College Education

Saving up for your child's college education is very important. If your child attends college, he will be more educated and have a better chance at getting a good job. It is best to start saving as early as possible to make sure you have enough money for him when he is ready to start college. Whether your child gets a bachelor of arts or bachelor of business degree, college costs are expensive. The cost of college is going to get even more expensive in a few years. Here are some tips for saving for your child's college education. Encourage Your Child to be Part of the Saving Process It's important to encourage your child to help save for her future. It will make her appreciate things more and help her know the value of a dollar. Have her save part of her allowance, money she receives from her birthday or what she earns at a garage sale. Tell her that it might be more fun to spend the money right now, but it will be worth it to save it for her future. Open a Prepaid Tuition Plan The prepaid tuition plan is an...