| You've probably heard that by the time
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| | costs may be covered by scholarships and
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| your child graduates high school it will
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| | financial aid, but you never know. It is
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| take a fortune to go to college. While
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| | better to save too much than not
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| public colleges and universities are
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| | enough.You can simply use an online
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| reasonable for many families right now,
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| | calculator to determine how much you will
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| the cost is expected to rise to over
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| | have to save each year to reach your
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| $100,000 in 18 years from now. Want to
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| | goal. Remember, interest is working for
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| send your child to that same private
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| | you here, so it isn't as simple as
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| school you attended? Be prepared for a
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| | dividing the goal by the time you have to
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| tuition of close to a quarter of a
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| | save. You will find that the sooner you
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| million dollars.But if you start right
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| | start, the less you put in.Keeping this
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| now, you are going to be just fine. Time
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| | in mind, a savings account or money
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| is the biggest factor in saving a large
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| | market account doesn't pay very good
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| amount of money. It can work for you if
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| | interest. Most advisors recommend that if
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| you start today. If you wait until you
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| | you are starting early, you should be
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| child is in high school, it will not be
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| | aggressive. Stock funds out-perform other
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| your best friend -- it will just move too
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| | investments over the long term.
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| fast.I don't know where to begin, you may
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| | Remember, this is an investment that
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| be saying. So many parents aren't saving
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| | requires your attention. Don't just put
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| for their children's education because
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| | it somewhere and leave it. Pay attention
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| they really don't understand what they
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| | to the performance of the funds. As you
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| will be facing. Many expect grandparents
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| | get closer to your child's high school
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| or other relatives to help out. But they
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| | graduation, start moving the money into
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| don't realize that 18 years is a long
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| | more conservative investments.Many people
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| time and a lot can happen.Start saving
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| | want to know which is more important,
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| now. Every little bit counts. Remember
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| | saving for retirement or for a child's
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| that the early you start, the less it
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| | college education? You can do both. Make
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| will cost you. Interest works for you in
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| | your retirement your priority, but don't
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| many ways. Even a few dollars a week can
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| | ignore the savings for your child.
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| end up buying several classes later
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| | Parents that are disciplined in saving
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| on.Start by estimating what your child's
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| | money will teach a child a lot in life.
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| education will cost. At 5% inflation, the
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| | Just as the college experience
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| average public university may cost around
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| | will.Martin Lukac represents an Internet
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| $24,000 a year in 18years. If you have
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| | consumer banking marketplace. is a
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| older children, the cost in ten years
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| | destination site of personal finance,
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| will be around $16,000 using the same
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| | investing, taxes and mortgage rates.
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| calculations.Use these numbers to get you
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| | provides mortgage guides and financial
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| motivated. And yes, some of the education
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| | rates and information.
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