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Nic Name · 05-15-2002, 07:33 PM

The $7,000 is already wasted. Don't focus on that, except to make a commitment to your son that you won't waste his future education.

Compound Savings Calculator

Thinking of your son for a minute, you could easily calculate the education fund that you will amass by setting aside, say $1,186 per year, (pack a day rates) which will be $47,969 accumulated for his college education by the time he's 18. He'll be so proud of you.

If you contribute to a tax deferred education savings or retirement savings plan the accumulation for him is even more.

It's awesome that you've got a young boy who will grow up trying to be just like you. You've got the best motivation in the world to quit smoking. You've got something to live for.

05-15-2002, 07:33 PM	#4
Nic Name retired Join Date: Dec 2001 Location: Toronto, Canada Posts: 1,930	The $7,000 is already wasted. Don't focus on that, except to make a commitment to your son that you won't waste his future education. Compound Savings Calculator Thinking of your son for a minute, you could easily calculate the education fund that you will amass by setting aside, say $1,186 per year, (pack a day rates) which will be $47,969 accumulated for his college education by the time he's 18. He'll be so proud of you. If you contribute to a tax deferred education savings or retirement savings plan the accumulation for him is even more. It's awesome that you've got a young boy who will grow up trying to be just like you. You've got the best motivation in the world to quit smoking. You've got something to live for. Last edited by Nic Name; 05-15-2002 at 07:35 PM.