Saving for your childs future

[carol b]

You should start a savings account when your child is born.
Take part of the gift money or any extra you can scrape out
of your budget and put it in a savings account. If you put in
29 dollars a week for a year you will have $1508 dollars saved
with a 3% interest rate you would earn $45.24 in interest on the
investment to make it $1553.21 at the end of the first year. You
can always add more money to the account and once you hit a certain
amount of course that is set by you, you could take some of it and
invest it in a higher yield account. This way you can be saving for college,
your childs first car ectera at the same time. Starting early makes it
easier to budget and you end up saving more than if you waited until
they are much older.