While a lot of you might know what RESP is, but there is still a huge chunk of population that has no clue as to what RESP means. So if you are someone who falls in the latter category of people then you should know that it is an acronym for Registered Education Saving Plan, it is essentially there for people to sign up if they want to save up and form a trust fund of sorts in which they can keep on depositing money until their child reaches the age of going to college, they can tap into the funds and pay for their child with that money so that he or she does not have much problem in getting the education they always wanted. With these kind of plans also come the skeptical eye of people who are wary of these things and want to keep away from these things. With all the scam cases that are springing up these days, their fear is genuine as well. However, following are some of the legitimate reasons as to why you should sign up for RESP, check them out below.
For a Secure Future
While you are out there working day and night, most of the struggles that parents tend to have is because they want to give their children everything that they want in life including a good quality professional education so if you want to do for them as well then you should consider signing up for Knowledge First Financial RESP as well.
Plan Ahead of Time
A lot of parent tend to sign up for this way before their child is even born so that they are able to save enough for them that they can kick start their college education without struggle a lot in that regard.