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Saving for your kids’ education
Welcome to Your Wealth. In our pilot episode, we look at strategies to save for your children’s education expenses – a serious topic for many parents and grandparents with young kids. I interview finance expert Katie Whiffen about when to start saving, how much you need, saving vs investing and whether borrowing can help.
Katie and I cover the pros and cons of products and strategies such as:
- Regular savings plans
- Managed funds and separately managed accounts
- Education saving plan products, and
- Borrowing to invest.
If you are pressed for time, consider listening at 1.5x or 2x the usual speed – this can actually improve your retention of information while saving time.