Tandia Talks Money
RESPecting Your Child’s Future: The Basics of RESPs
It isn’t even August yet, and the back-to-school commercials and group chats have already begun. But, have you thought about back-to-post-secondary-school? It may seem like that day will never come, as you clean up the dirty dishes in the sink and do yet another load of laundry, but in the blink of an eye you’ll be dropping them off at university, holding back the tears. Carla is back on the mic to discuss the basics of Registered Education Savings Plans (RESPs) and how you can start budgeting and saving for your child’s future. It is no secret that post-secondary education is expensive, but remember, with a little prep work, everything’s gonna be fine, fine, fine.
Today’s topics include:
- Key facts you need to know about RESPs
- What do you do if you’re late to the RESP game
- The extra financial perks you get when contributing to RESP
- Budgeting hacks to make saving easier
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