As any parent will tell you, kids grow up fast. One day you’re feeding them in a high chair, the next you’re sending them off to school. Though parents of young children may be more worried about finding a babysitter than planning for their child’s financial future, the truth is the future is closer than you think. You’ll want to speak with a CPA in Honolulu in order to get your child’s financial future squared away, especially to handle what is often the biggest expense of a young person’s life – college.
As colleges around the nation are becoming more expensive, parents must start planning earlier and earlier to ensure that their child can afford to go to a good school. A child with parents who have carefully saved money for college will likely be faced with far less student loan debt than other students. This is very important, as research has shown that such debt can have a major limiting effect on a young person’s career and life choices.
The best course of action is to consult a professional who can guide you in making financial decisions for your child’s future. An expert will be able to develop strategies for maximizing your savings and getting the best possible return on your financial investments.
A knowledgeable accountant will be able to help you work with QuickBooks or another type of money managing software to make financial record keeping a breeze. Managing finances can be a headache if you’re not experienced in the area, and a professional will reduce stress and allow you and your child to focus on the choices that really matter. Call Michael J. Yuda at (808) 838-9008 to find out how we can help you manage your child’s future!