Of course, as a parent, you want only the best for your child. By allowing your child an opportunity to have the best education possible, you are also giving him the best start in life.
 
To save yourself later financial pressures, you would be wise to start planning ahead right now for those large education expenses such as college fees. Have a good look at your savings and investment options as your child’s education could very well be the largest expense you will have to plan for.
 
Having a regular savings account is an option where you can put some money aside every month. Then again, you could also consider an investment option. However, before making a decision as to which option you want to go for, you need to think about what access you would like to your money, and also what level of risk you are prepared to accept.
 
You put a lot of effort into planning for your child’s future and it would be a good idea to get your child involved as well. Teach your child the value of money and the benefits of putting money away. Get him or her to open his own bank account, and encourage them to earn their own money and save every month.
 
As your child gets older and is able to understand, show them just how important it is to budget, and show them too, how you make some of your household financial decisions. This will help your child to have good future spending habits.

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