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What's the best way to save for my child's college education?
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The best way to save for your child’s college education is to start early and create a plan that works with your family’s budget. Consider setting up an account specifically for college savings, such as 529 College Savings Plan or Coverdell Education Savings Account, which offer tax benefits and allow you to invest in stocks, bonds, mutual funds, and other assets. You can also consider investing in prepaid tuition plans offered by many colleges and universities. Finally, make sure to regularly monitor your investments and adjust your strategy if needed.