Heritage Insurance
Call or Text Us! (306) 693-7640
We Take The Hassle Out of Buying Insurance GUARANTEED...

Home
Insurance
Click Here!

Explore Your Options With Clickable Coverage Instant Quote >

Auto
Insurance
Click Here!

Explore Your Options With Clickable Coverage Instant Quote >

Business
Insurance
Click Here!

Explore Your Options With Clickable Coverage Instant Quote >

Life
Insurance
Click Here!

Explore Your Options With Clickable Coverage Instant Quote >

Russ MacDonald

Did You Know?

University-bound children's parents can expect to pay at least a half to a third of the cost of their children's education with their current income, savings and loans. Therefore, parents should start saving for their children's future sooner rather than later, even on the day that your little one is born. The sooner you start saving, the better off you will be in the end.

Use These Tips For Easy Saving:

  • Start saving the day your baby is born and save as much as you can. Compounding interest will also make your savings grow.
  • Save money on a consistent basis rather than on a random schedule.
  • Consider setting up an automatic payroll deduction or have your bank automatically move money from your chequing account to a university savings account.
  • Establish a savings goal to measure how well you are saving and modify that goal as your salary increases.
  • Ask other relatives to contribute to the savings account in lieu of gifts.
  • Save windfalls such as inheritances, income tax refunds or bonuses. Don't rush out to spend this fast cash.
  • Increase the amount you save by five per cent each year to keep up with the university tuition inflation rate.
  • Place the money you once used for previous expenses into the savings account.
  • Cut down on normal living expenses and redirect that money to your savings account.
  • Teach your children about saving by getting them involved in the financial preparation for their education.

Healthy Hints

Get your finances in your order while you save for your children. Make sure to pay off your credit cards, maintain a reserve of six months' worth of pay in case of a job loss and save for retirement so that you are just as financially cushioned as your child’s university fund.

-Russ MacDonald
Heritage Insurance


Contact Heritage Insurance today for more information on our financial services.

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Peace Hills
SGI Canada
SMI
Southwestern
TCIN Canada
Wawanesa
Wynward
Connect With Us: Facebook Twitter LinkedIn Google+ YouTube RSS Feed

Latest News
Read more >
Icon
Visit Us Heritage Insurance LTD Office


Icon

© Copyright 2018. All rights reserved. Powered by Insurance Website Builder.