As soon as their child is born, parents can start saving up for their children’s college education.
With tuition fees climbing up yearly, it is better to have a sound financial plan so that it would not be difficult for you to send your kids off to college when they grow up. Aside from the cash that you have saved yourself, here are the top 3 sources that can help you get your kids through college: 1. Scholarship grants 2. Part-time jobs 3. Financial aidsThese are good alternative sources for your children to start off on their college education. But as a parent, you would not want to fall in those long lines for financial aid or let your child work himself to death just to have money for tuition and other expenses. Here are some ways on how you can have a jump start at shaving off those hard-earned bucks for your child’s college education:1. The earlier, the better. Start investing your money as soon as your child is born. First, put the savings or investments under your name. Later on, decide whether you want to transfer the account to your child’s name by the time he or she turns 15. This way, you will have minimal taxes, if at all. However, you need to be careful when transferring account names. Some states require a total turnover of funds once your child turns 18 or 21. This is also ineffective if, in the future, you apply for financial aid. Also remember that tuition fees 10 or 15 years from now may double or even triple the current rates. 2. Establish a trust fund for your child. This is a very wise plan for a child’s parents or relatives to invest in. A trust fund is similar to a time-deposit where the money will be given to your child after a certain number of years. After the designated time, the fund may be received in one lump sum or through an installment basis. When building up a trust fund, check out details like the interest rates, taxes and withdrawal restrictions. All in all, you need to approximate the costs of tuition fees, dorm room, meals, books, and other expenses that may come up.Make sure that you invest money wisely as your child grows. By the time that there are only two or three years to go before you send your son or daughter off to college, "lock" an ample amount of the funds by investing them in low-risk bonds to ensure that you will get to have enough for them to start their college education.
Real Estate: Tips On Selling Your Home
Planning to sell your house? Or planning to move to a new house and selling the old one? There are some home selling tips to make your home selling attracts a buyer. You should pay attention to some aspects if you would sell your home. The price almost becomes a general of all. And then, the qualities of your house can be guarantee. The qualities include beauty, functionality, coziness, etc.Real Estate: Home Selling Tips
Home selling tips are everywhere – some suggesting things you might never thought of, some are general ones you’re likely to find everywhere. But just because they’re common doesn’t mean we should stop making them.Real Estate: Home selling processes
So many tips are being given on home selling. If only you knew where to begin with! Some homeowners get confused because they don’t have a big picture of what exactly will happen during the home selling process. While it may differ from various areas, some general steps sellers should expect are the same. The first thing to do is some preliminary planning. Though you may not feel like it, this is the step that kick-start the whole home selling process. Your house needs to be fully prepared to accept a new owner. If you plan to sell your house and buy another one, always know for a fact that you’re qualified to buy a new one before selling your old home.