. It is also a good idea to get them started on understanding the basics of a savings account and encourage thrifty habits as well. A college investment account helps them reduce their reliance on those student loans many are still repaying, even heading into their retirement, and also allows them to access the option of further education and self-development. Education is the stepping stone for many other avenues, including career progression and self-sufficiency.
At the end of the day, we all want the best for our children, now and in the future. This means taking steps as a parent to ensure that their future is secure and that your child is prepared to face that future with confidence and skill. Taking a few minutes today to make small decisions can cause a significant ripple effect for years after you’re no longer around, and your child will thank you for it.