If you want to save and invest in your child or grandchild’s future, you may want to make sure that your money will lead to the best outcome for them. One way is to create an education plan to answer important questions, like what opportunities are there for your child in their chosen area of study? A plan should include the goals of education, which schools are best for reaching these goals, determining what the costs will be and where the funding will come from. This will help ensure your money is well spent.

“Investing in a postsecondary education should involve more than just figuring out how to pay for it – as important as that might be. There are other questions to be answered.”

Read more: https://www.theglobeandmail.com/investing/personal-finance/taxes/article-how-to-build-an-education-plan-for-your-child/