Parents know to keep up with the rising costs for college they have to save ahead for their children's education.
Many people use savings bonds to help put their children through college.
But there's another type of bond parents need to know about. Financial experts say zero coupon bonds are lower risks than buying stocks but higher risks than savings bonds, which means they typically will earn you more money than savings bonds. Zero coupon bonds have a pre-determined amount and a date for maturity. You pick the maturity date and the amount of money you want to pay. Private companies, government and municipalities sell zero coupon bonds but you have to buy them through a broker since banks don't sell them.