I have always been one to say that to spend now wisely is a good way of saving money in the future. Nothing can be more important than saving money for your childs future in education. If you are able to and have a bit of money put aside then thinking about making and investment into a education fund is never a bad idea. Hey, it's not like your children are going to be their LSAT prep next week but you will be suprised how fast that time can sneak up on you. Nobody want to get stuck with a huge tuition bill all at once. Having a small nest egg put away can help ease the pain later on. Contributions are not tax deductible but income earned within an RESP is sheltered from taxes until withdrawn