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We have an RESP for our boys. DH set it up so I don't know the exact details but we put in money every month and the gov't matches it up to a certain amount. And then when the boys are 18, they can use it for their education. We'll eventually set up a savings account for them too,
Like pp sorta mentioned, though, we'll help the boys but I don't know that I want to pay for it all. Sometimes things are more appreciated if everything isn't just handed out to you, kwim? But I don't want to leave them stranded so we'll meet somewhere in the middle.
ETA- If anyone else in Canada knows of other savings options for our kids, can you LMK? TIA!
shakinros:Yep college savings. We used the Utah college savings plan. We don't have any connections to Utah but it has low fees and my state doesn't offer any tax breaks for signing up for their plan. We stash money from relatives in there for her. We won't be making much in the way of regular contributions until we pay off DH's school debt!
We have a savings account set up for him. We add money regularly and so do the IL's it's not for any one set thing. And he won't know about it. At 16 we might use it to match him for a car, things like that.