Investing in v. Saving for Your Child’s Future…

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If you’ve been reading our blogs (emails), you know tuition rates continue their meteoric rise. You also know that students, and their parents (mostly parents), incur ever-increasing amounts of school debt.The burden often falls on parents or guardians.

As with any other financial goal, the key to proper preparation is early planning. But, when do you start?

No joke – as soon as the baby arrives!

If you haven’t started at birth, then begin as soon as possible. While there are many options available to you, be wary of investments.

Be wary of placing your money in any vehicle subject to market fluctuations (i.e., where you can lose your money).

Be wary of placing your money in any vehicle that restricts when you can use your money.

Be wary of placing your money in any vehicle that restricts how you can use your money.

Be wary of placing your money in any vehicle that governs for whom you can use your money.

Place your money where you can save it and protect it. Be absolutely sure you place your money in a vehicle that:

  • Is not subject to loss;
  • Does not restrict when you can use your money;
  • Does not restrict how you can use your money; and,
  • Does not govern for whom you can use your money.

Learn where and how to save your money. Contact our Professional College Planners to schedule your appointment today!

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