Re: Education Fund
I've always wanted to open maybe a separate account for education, but again i think i'll just be paying interest on it. The other thing is, if you have a mortgage.. is it better to just put the money there so u reduce the interest on your loan..
We had someone come and visit us in regards to this and the idea seemed pretty neat... basically u save till the child finished grade 6 and then the money you have saved gets given back to u yearly till the child completes highschool.. then once they start uni, they get bigger increments back..
it sounded pretty good.. but gotta way up the odds