Consider THIS as you plan for your children's future | Registered Education Savings PlanIt’s springtime, and of course, time for new beginnings and fresh starts in so many ways. This is also the time that I start making plans for the summer. Camps and activities, weekend trips and time away from work. But recently I realized I should be thinking much further into the future.

I have two kids – the older one is 10 and is already trying to figure out what she wants to be when she grows up. Archaeologist is the latest idea because she likes history and the beauty of what has gone before. My older one’s ideas are always very different from my 5 year old’s, who is also trying to figure out the answer to the same question. Except in her case the answers look just a little different. 

“I finally know what I want to be when I grow up, Mom. Either an artist or a janitor.”

*Smiling and sighing, me* “It’s OK, hon, you have a while to go before you need to decide.”

“No, I decided, a janitor for sure, Mom, because I already know how to draw.”

Yes, my children’s future weighs heavily on my mind and their higher education is a big part of that worry. My husband and I moved to Canada 13 years ago from India where college and university was inexpensive. That’s not the case in Canada and the US where university education can cost one as much as a house. Growing up in India good education was assigned great value. Why do you think you see a lot of people of Indian heritage either doctors, engineers or lawyers? It’s because these careers take many more years of schooling so they are considered “better.” Even though my hubby and I aren’t doctors, engineers, or lawyers, we recognize the value of a good education – perhaps because of our roots in India, but mostly because of our experiences in Canada the past few years. That’s why we want a long-term plan for our kids to build funds for education and to help them learn the skills they need to not only be happy but also successful in this world that we are leaving behind for them. Financial assistance as they go through post-secondary education will be a great support as they navigate through life, and with good planning that is something we can give them.

April is the time to decide what you’re going to do with that unexpected tax refund. Contributing to your Registered Education Savings Plan (RESP) is a great way to judiciously use up that tax refund and save for your child’s post-secondary education. And best of all you may be eligible for government grants. Connect with a Heritage Representative at Heritage Education Funds and see how you can save for your children’s future.

Disclaimer: this post is sponsored by Heritage Education Funds Inc. As always the narrative and opinion is mine.