Don't hold off investing in an RESP because you don't want to drag your kids to the bank for a formal appointment. #YMCCommunity member, Cheryl Kirkness learned the easy way to invest and three things you should know about RESPs. (Hint: Did you know you can put an RESP on hold?)
Within a few weeks of our son being born, we started saving for his education. I set up an RESP for him along with a separate savings account that he could use when he moves away from home. Just the thought of him moving away makes my eyes fill up with tears! I have money automatically set to come out of my bank account each month so that it’s one less thing I have to remember to do. Although I’ve done the math several times, I often worry that what I’m saving for him won’t be enough. Purchasing an RESP was one of the best things I did to save money for my child's future.
Have you started an RESP (Registered Education Savings Plan) for your child? Are you confused about what it all means? Are you holding back because you don’t want to drag your little ones into the bank for a formal appointment? Are you procrastinating because you think you still have lots of time to save before your child is ready to use it? Well, no need to worry because I have information that will help you put all those worries aside...
Time flies by in the blink of an eye. One day you’re worrying about sending your little one to preschool, the next you’re sending them off to college. That’s why it’s important to invest in an RESP now.
Start saving today with a giraffe & friends' no-fee, worry-free and 100% guaranteed RESP. giraffe & friends helps you sleep easy with guaranteed growth, easy-to understand language, and the powerful boost of government grants.
Visit the ‘How To Plan For Your Kid's Future’ page and learn the best ways for parents to save money, when you should start saving, and more.