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When Should I Save Up For My Child’s College?

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A lot of parents are wondering how to send their kids to college. These days, a lot of kids suffer because their parents failed to come up with a contingency plan on how to send them to college. What every parent should do is to have a fund for their child’s college. College funds are usually effective since it beats inflation. You can choose mutual funds and wait for the right time to take out the money.

If you are going to plan on having a child, it is always a good idea that you plan early. Also, have a projection of how much is the cost of raising a child. You also need to make sure that you talk to someone who knows investments.

A lot of times, you will have to save at least 10 years before your child going to college. It means that if he or she will be going to college by age 18, you need to start at least at age 8. Next, you also need to adjust your lifestyle. There are instances when you need to sacrifice on your vacations and other unnecessary things to secure the college education of your child.

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