College Funds - Saving For Your Children's Education

Wednesday, 5 December 2012
We all want the very best for our kids. We all want them to achieve their full potential, to be happy and most of all have what we did not have. Preparing for the future is something that you need to start thinking about now and with the world changing radically we never know what's around the corner. One thing that is for sure is he importance of a tertiary education. In many ways its the ultimate "gift" you can give your kids because its the gift that keeps on giving. Not only will it enable them to get ahead in life, it will afford them opportunities that 70% of their peers won't have.

A college education is not cheap and with governments all over the world struggling financially themselves, its conceivable that a tertiary education will become more and more expensive in the foreseeable future. A lot of the government funding is already being withdrawn as universities and colleges are left to fend for themselves.
Student loan can provide the financial aid needed to get an education, but its a huge problem that many graduates are faced with right now. Finished with their studies and set to hit the job market, there aren't any jobs. this leaves them with no income and a heavy loan to pay off. Student loans can put anyone on the back foot from day one. Fresh graduates can take years to start earning good money and with the burden of a loan it can really weight them down and set them up for a shaky start to life.

The secret to setting up a college fund for your kids is to start early. Even 1 extra year of savings can really add up over a 20 year period. You really don't have to save a fortune every month. All it takes is a small commitment monthly and the best time to start is the day your kids get born. Starting early and investing in a secure investment vehicle like government bonds or even a money market account can really help you achieve that goal of sending your kids to college - cost free. Its more than a gift. Its a head start in life that money cannot buy.