Preparing to pay for higher education can start in 9th grade or earlier by

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Preparing to pay for higher education can start in 9th grade or earlier by

Answer:

Preparing to pay for higher education can start in 9th grade or earlier with a savings account. When you are in elementary school, open a savings account that earns interest so that you can pay for higher education when you are ready to start college.

What is a savings account?

An interest-bearing deposit account kept at a bank or another financial institution is referred to as a savings account. Despite the typically low interest rates offered by these accounts, their security and dependability make them a fantastic choice for keeping cash on hand for urgent needs.

Although there are some restrictions on how frequently you can withdraw money from a savings account, overall they provide exceptional flexibility that makes them perfect for creating an emergency fund, saving for an immediate need, such as a car or vacation, or simply moving extra money you don’t need into your checking account so it can earn more interest. A savings account typically has no maximum withdrawal limit.

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