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Financial advice for saving for my daughter’s education.
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Hi everyone, I am a new immigrant to Canada. Currently living in Alberta. I am currently receiving child care benefit for my one year old daughter and would like to save that money for my chid’s future education. I have heard of RESP and also about insurance where you can take out the money as a loan when needed for education purpose. I am looking to save $ 200 per months for her education. What would be the best approach. I work as a housekeeper and cannot exceed the $200 per months . I am not a big risk taker either and would like to know what would be the best way to maximize my daughter’s chance of having enough money to pay for her future education. What steps or plan would yield maximum money. Thanks a lot and sorry if there is any mistake in my English.

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1 year ago