Thursday, July 21, 2011

Smart Tip - start saving now for your child's education (RESP)

Start saving for your child's education with an RESP (Resgistered Education Savings Plan) when your child is young. This will save you in the long run and will be less of a financial strain and headache when you child is ready for school. Even if you budget to put a little money aside each month for each child, you'll be surprised at how quickly the money will add up over time. 

If you start saving now using an RESP for your child, you may also benefit from the "Canada Education Savings Grant." Click here to read more about it: http://www.canlearn.ca/eng/saving/cesg/brochure/cesg-eng.shtml

image of white piggy bank with a hand putting Canadian coins into the top of the piggy bank, Canadian coins lying in front of piggy bank

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