Start a College Fund for Your Baby- Now!
By Isaac Grauke
If you're like me, the last thing you'll be thinking about when changing your baby's diaper at 2 AM is, "I need to get this kid a college fund." Parenting is about love, attention, piggy back rides, and vitamins, right? Its true that most of us don't think about starting a college fund for our babies while they're still in diapers, but should we?
The truth is, college tuition is on the rise, and what if your baby wants to be a doctor or a lawyer? Sure, they could take out massive loans and hope to pay them off in ten years, but what if you could solve the problem with only $50 dollars a month?
I'll cut to the chase- if you started a college fund for that rug rat right now, and vowed to put just $50 a month into the account, you would be able to give your baby $24,267.76 the day he graduates from high-school! Hows that for getting them going! And its simple- $50 a day for 18 years at 8% interest (modest) and your there. You can even set up an automatic withdrawal from your bank account. And don't forget to make it fun! As your child grows up you can teach them about how to save. Plus, we all know how grandparents like to contribute to these sorts of things- why not give them the chance? Find out more at http://www.babytrend.blogspot.com
About The Author
Isaac Grauke is a contributor to Baby Trend, http://www.babytrend.blogspot.com, an ezine with the latest on your baby's health, clothes, toys and gear. Plus- parenting and maternity for you!