C.S.T. is the canadian scholarship fund. Anyone using that right now? what do you think about it? im trying to find out which is the safest or lowest risk in saving for your childs education now a days? I am enrolled in the C.S.T. but im not sure if iwant that anymore.
thanks|||I went through a company and set up an RESP for both my kids. As 'Greeneyed' mentioned the government adds 'X' amount of dollars to your contributions. On top of that I have a savings account (connected to the RESP) which I contribute to on a monthly basis for the kids education. We also use Futura Rewards Program. It doesn't contribute huge amounts by any means but if I'm purchasing the products specified I made as well get something out of it.
Rewards Program
鈽?https://www.futurarewards.ca/
Canadian Government RESP Info
鈽?http://www.canlearn.ca/eng/saving/cesg/i鈥?/a>
鈽?http://www.hrsdc.gc.ca/eng/learning/educ鈥?/a>
鈽?http://www.canlearn.ca/eng/index.shtml|||Wouldn't an alternative to the C.S.T, be to open a trust account at a bank and save money that way?|||get an RESP, registered education savings plan. The government even adds money to it for you.|||We have 3 seperate bank accounts where we put away so much every month so that when they do go off to college or uni, they don't need to take out bursary's or student loans.
We'll also help them out financially when the time comes.
One thing I don't want is them getting in to debt it took me years to pay off my student loans and credit cards. I learned from it. I'll never take out credit again lol.
The only debt we have now is our mortgage
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment