Accounting For Investments
March 20th, 2006
Question: What is the best means to save for our child’s college?
What is the best way to save for our son’s education? He’s only 1 year old but we wanted to get a start on it now. Savings accounts? Investments? We’ve never done anything of the sort so need some guidance. Thanks!
Answer: Savings account, getting a big water jug or container and placing loose change in it or a few dollars everyday. Its working for my cousin. Everytime someone comes to my aunts she has family and friends voluntarily put money in the bin.
CPA Review: Methods of Accounting for Investments
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