Find Cheap Insurance For Young Drivers And More To Have Savings

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.

- Listen to them in finding out what course they want to take. There are two schools of thought in this issue. The first is to let them find out what they want. This may be the easier thing to do but can also be expensive and lead them to slacking or getting delayed. Perhaps some advice would be for them to take a general course in the first two years before deciding what course they would like to take. And unless justified, only offer to pay for four years of college and not pay for any delays. The second school of thought is to dictate to them what course to take. This may sound draconian but there is a method to this madness. If ever in their sophomore year, they wish to transfer because they do not like the course you have told them to take, and then allow them to do so. At least you know they tried to do what you ask them to carry out.

- Tell them to research for any scholarships or grants. If they are able to get a scholarship, then tell them that their money for college tuition is placed in a time deposit banking instrument which they can withdraw when they graduate. They deserve the money.