You just might be surprised at how much you can accumulate with small, regular investments. For example, if you invested $100 every month for 15 years and earned 8 percent per year (after taxes), you'd have nearly $35,000 in your child's college fund! (Keep in mind that this is an illustration and does not represent a particular savings vehicle or investment.)
The 360 Degrees of Financial Literacy Web site offers general information for managing personal finances and does not recommend specific financial actions. For financial advice tailored to your situation, please contact an expert such as a CPA or a personal financial advisor.