Random Thoughts

Saving money for a child is all the more important now. Money is hard to come by, except for maybe payday loans. As the child grows, expenses might increase. When the child is in college, you might need a lot of money at once. What do you do?
Saving money for a child is like starting to build a mountain now. And it is always a good habit. When in need, your piggybank will be the world’s greatest bank. Like accumulating trickles that form a stream, accumulating money forms wealth.

Raising a kid is as brave a decision as deciding to have one. When you bring up your kid you need to understand the importance of giving a decent level of everything to your kid. You must feel elated as well as responsible, because until a certain point of time, your child's future is shaped by you.

Saving for your children's college education should start early. One might think "What is the guarantee that my kid will go to college?" All these thoughts are unfounded. It is better to be safe than sorry. Even if your kid does not become a college-goer, the accumulated money can be used for other things.

Let the funds towards your child's future education be consistent. Don't include random amounts. You can do it. But random amounts will encourage you to put in less during certain times. Some people choose random amounts so that when they do take out the money, they like to be surprised at what has been accumulated. On the other hand, a consistent amount can be easily calculated anytime. You would easily know how much has been accumulated. It sounds less exciting, but is generally safer.

Now to the main question. Where do you save it? The best option is the bank, and not the piggy-bank, because banks pay you interest.