Why Wait? Start saving now...

When it comes to saving, you may say "Saving? But I owe and I need... I can't save!"

Well if you don't start setting some money aside nothing will move forward.

I had to break a young person's heart today. He was in with his parents (who are poor money managers themselves) to see if he could get more money to fund his schooling. This poor gent has never worked... instead he has always played a competitive sport. He has worked for his parent's business but never has held a regular job. He recently finished his first year of school with no money. His parents have no money to help him and no equity to put up for security on a loan... so basically I can't help him at all.

What I can do is give him tips. Like work as many hours as you can, watch your spending, cut down on social outings or find free things to do. OR else you won't be heading back to post-secondary school.

What could have made this outcome different?

If mom and dad owned their home and could provide security - the chance of a loan would be good. If he worked a part-time job and put half of the funds away for school he may have had enough to cover meals or some of the costs instead of putting the full burden on the parents.
My question is what happens when child # 2 is ready to head away to school?

Start early - $50 a month adds up ... if you have a few years to save!