Saving for your child’s education is not always easy.
In this day and age saving for your child’s education is a subject that you should research and understand. By the time our children complete high school, post secondary education fees are going to be considerably higher.
There are many ways to invest in your child’s future by saving for your child’s education. Heritage Education Funds will be sharing tips on their blog all week from November 21 – 25 to help you understand your options.
In our family, we have a set amount that comes out of our bank account every month that goes directly into our RESP account. This makes it easy for us as it is set up just like a bill payment. The great thing is that we have full control over this and can change or pause that amount at any moment.
We also truly appreciate it when the family buys less gifts for our kids (they are so fortunate and truly do not need more toys etc.) and give us a cheque that can be added to the RESP account. Every bit helps to grow that account in hopes that it will be at a place to cover a significant portion of our kids’ post secondary education.
This past summer, we helped our children understand first hand how investing your money works by setting up investments into their allowance structure. I can’t wait to share what we did with you in more detail very soon.
Date: Thursday, November 24
Time: 8:00 pm-9:00 pm EST
This post has been generously sponsored by Heritage RESP. All opinions are my own an have not been influenced in any way.