Saving for the future
Tuesday, April 3rd, 2007It seems a long way off when they’re born, but your kids will be relying on you for the next twenty or so years. Their rattles and soothers soon make way for playstations, guitars, bike, hockey equipment, dorm room computers, and cars. Add to that the rising cost of college, and you’ll be lucky to have two over-mortgaged sticks to rub together.
The best plan is to start early, and save little and often.
The fantastic effect of compound interest should help that cash to grow really well, and most countries offer tax breaks, and even help to get started.