Start Saving For College At Your Child's Birth

Added July 26, 2005 by Think Glink Staff

Print Articles

Summary: How soon should you begin saving money so you can send your child to college? The best time to start saving for college is when your child is born. Saving for college beginning at birth gives you time to invest money in mutual funds and stocks. The sooner you begin saving money for college the more money you should have for your child's college education.

Q. When should I begin saving for my child's college?

A. Interested in starting a college savings plan? That's a smart move because college costs are on the rise.

The best time to begin saving for college is as soon as your child is born. With time on your side, you can begin investing early, save regularly and increase the amount as your income grows. Consider investing in stocks or growth-stock mutual funds. Over the long run, stocks have provided the highest return. Be prepared to accept the rise and fall of the market. You have the time to wait for prices to rise if the stock market drops.

A growth-stock mutual fund can be a safe and easy way to obtain aggressive growth. A mutual fund is a company that invests the pooled money of its shareholders in various types of investments. The funds often accept small sums of money and have an experienced fund manager who buys and sells giving you maximum returns.

Return to Frequently Asked Questions about Saving for College.

July 26, 2005.

See more articles on this topic by clicking on the "RELATED ARTICLES" above and to the right.

We have over 5000 articles on Real Estate Advice, Personal Finance Advice and Consumer Advice on our site. We encourage you to look at these articles. As always, if you have a comment on our articles, don't forget to post your comment below. We thank you for coming to ThinkGlink.com.

© Ilyce R. Glink. All rights reserved. This content may not be used, distributed, syndicated, compiled or excerpted in any medium or form without written authorization from Think Glink, Inc. For information on syndicating ThinkGlink.com please contact us.

Previous article Next article