Friday, September 7, 2012

Starting an Education Fund

This textbook will cost $5,000 in 2030

Estimated Planning Time: 2 hours
Materials: Budget
Project Difficulty: Hard

Once you have an emergency fund, you are fully funding your retirement, and you have paid off all of your non-mortgage debt you might want to consider opening an education investment account.  I realize I might have lost a majority of the population with those conditions, so the first step is understanding why those conditions are applicable and why you might start saving for college before meeting them.

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