How to Get Started with your RESP
Your approach to saving for post-secondary education will be as unique as you and your child. The key is to choose an approach that works for you and get started. The sooner you start, the sooner you’ll start earning compound returns and qualifying for education savings grants.
Set a Budget
As a parent, you face many demands on your money — from mortgage or rent payments, to household bills, to saving for your own retirement. Setting a budget that you can stick to will help ensure your RESP remains a priority.
Establish a Goal
While the goal of any RESP is to save for education, how much you’ll need depends on a wide range of factors, such as how many children you have, where they will go to school and what percentage of their education costs you want to save for in advance.
Compare Our Plans
Every student, every parent and every family is different, with different preferences and needs. That’s why, at Knowledge First Financial, we offer more than one kind of RESP.