Saturday 16 July 2016

Saving account for your children

How to get started with saving for your child’s education

The cost of raising a child is high indeed when they are grow up. As the parent must support every things for their children. Saving up for them is not be feasible as many of these bills are hard to predict in children’s life in term of education, medical, upkeep, basic needs.

From the day they born to the age of their married as a parents need to pay huge bill. Especially, university bill. Whilst you cannot know for sure the price of tuition fees exactly in the future.

Note: so parent could be prepared as much as possible for your children.

So, as you as a parents what will you do for savings Account?

Unique coin boxes and cash reward for excellent exam results are a part of saving account.

Fix deposits (everyday how much do you keep for them set timetable when do you use it for them). For annual interest rates can put as charity.

Ask them to get money around the house try to find a job can help support yourself.
For example:  plant vegetables, design, and home school vector.

Prepare early spending budget while you know, your salary in every month. You should take note how much do you pay for? What kind of things do you pay for?  

Note: whatever you do, don’t forget charity/ donate to poor people
Donate it does not mean you have to have lots of money. You can do charity as you can by smiling, helping, showing a good behavior.

If you see them hard you will know how they harder then you does.