Paying for college is getting more difficult, but it should be affordable if you plan ahead.
If you have or are planning on having children, you have probably already given some thought to how you are paying for college. This is definitely something that you should start considering as early as possible – especially when the price for a year of education is rising with each academic year. The best way to make sure that you have money to pay for college is to start with a savings account early. However, you should not put your money in a standard savings account – the interest rates that you will get are usually not even high enough to keep up with inflation.
Instead, you should look for a better type of savings account. Certificate of Deposit accounts, for instance, usually give a much better interest rate – especially if you are willing to keep the money in the account for a long period of time. (The longer you keep the account, the higher the interest rate is). You should also consider purchasing bonds or making other investments – not all investments are as risky as the open stock market, and long term investments are generally...
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