Sending your kid through college is now laughing matter these days in terms of cost. Colleges are not cheap, most especially the good ones. And if you are like most parents, you want your kids to go to the best colleges they can get in. Of course there are student loans which they are able to take, but if you were able to save some money for their education, then it is a worthwhile investment to help them get prepared for real life. Here are some food for thought on how you can save money and get them through college:
- Make them share some of the responsibilities. Pay for their tuition, board and books but ask them to find a part time job for their pocket money. Doing so will make them responsible in seeing the true value of money and how hard it is to earn it. Also make them pay for their own car insurance. Doing so makes them find a cheap insurance for young drivers. It may not be easy finding cheap insurance for young drivers, but also look at what kind of insurance they got—which may be the most basic and quietly contact the insurance company and offer to pay for the upgrade which covers more than just collision.
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