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Saving for the Future – #RESPwithRBC

Now that Austin is in school it is hitting me just how fast time does go. In no time at all she’s be deciding where she wants to go to college or university, deciding what she wants her field of study to be. I don’t want her to worry about anything other than doing what she wants to. Then two years later it will be Brookland, and then in another two years it will be Gauge.

#RESPwithRBC

I want my kids to be what they want and be the best that they can be. Just like any other parent wants for their child.

I don’t want my children to start their lives after education with debt that I can help with now. Just as you can. Right now, I have one aspiring hair dresser and one police officer, or pilot. It changes often.

  • Saving for a child’s education is easier if you start early and contribute regularly ($25 a week can add up to $50,911** in 18 years)
  • You can receive free money from the government! The Canada Education Savings Grant will match up to 20% on the first $2,500 contributed annually. That could mean up to an additional $500 a year in your RESP, up to a lifetime maximum of $7,200!
  • With advice from RBC, it’s easy to start. No need to be overwhelmed. You have the flexibility to use the RESP for university, college, apprenticeship, non-credit courses etc., and if your child doesn’t use the funds, you can use your contributions and earnings to fund your RRSP!
  • There are many ways to save for a child’s education – with gifts from relatives and friends or a weekly contribution that fits your budget, maybe $25/week with an RESP-Matic®
  • Did you gradate with student debt? By utilizing an RESP you can help your kids graduate debt-free!
  • You can find more great tips on saving for your child’s education here and here.

I plan to help my children have the best start in life that I possibly can. You can enter this contest Grow Your RESP with RBC. With 4 prizes of $500 (towards an RESP) to be won, you can get a head start in saving for your child’s dreams.

 

Disclosure: I am part of the RBC RESP blogger program with Mom Central Canada and I receive special perks as part of my affiliation with this group. The opinions on this blog are my own.

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