The costs of adoption are significant, especially if you're adopting internationally. By the time the process is complete, parents can find themselves in a tight financial situation, and the idea of saving for their children's college education seems an unattainable goal. But in Canada, they have a savings plan that can help Canadian parents, and offer a good model for parents in other countries to follow.

"...one of the biggest benefits of an RESP is the sense of security the plan provides by ear-marking the money specifically for your child's education. They're partly just a way to keep money safe from any other spending."

Though similar government-sponsored savings plans aren't available in the U.S., the Canadian plan offers a blueprint for parents wishing to save for their child's education. Learn more online.

Posted By: Lori S