Even on good days, parents can struggle with the financial pressures of parenthood. From diapers to daycare to additional financial obligations like bills, it can be difficult to think about saving for a child’s post-secondary education.
But it’s important for parents to save for their child’s academic career after high school. Saving for their university or college degree in advance means the child may not need to work during the school year and can concentrate all their efforts on studying. Starting an education savings plan also means they will not be saddled with debt, or as much debt, when they graduate.