Last month, I asked myself “How can I send my child to college?” and basically shared all of the things that my husband and I wished we had known when we were new parents. Now today, I’m sharing different ways to save for college as another means to hopefully help other parents like myself. Because trust me ladies and gents, these kids grow up in the blink of an eye, so it is never too early to start planning for their future!
This is a sponsored post with COUNTRY Financial, but as always, opinions are my own. #TakeSimpleSteps
Saving money is simple for some families and harder on others, so having a plan in place is a very important first step. The key is to really try to stick to the amount that you plan to save each week or month. Consistency is key and before you know it, you’ll have a nice little chunk of change stashed away to help pave the way for your child’s educational future.
Different ways to save for college
- Piggy bank – It’s a classic, tried and true way to save. Drop all of your loose change inside a piggy bank and watch it grow. When it’s full, you can cash the change in for paper bills and stash them in another piggy bank.
- Savings account – A Traditional savings account at a bank is another good way to save money for college. You can determine how much to set aside each week.
- College savings plan – A college savings plan can be a really great way to save money for your child’s education because there are tax benefits that come along with it. In fact, grandparents and other family members can contribute to the fund too, so it makes it easy for gift giving too! COUNTRY Financial can help you plan for your child’s future and takes a lot of the guesswork out of it for you since there are representatives available to help you every step of the way.
Thinking about the future can be intimidating but the earlier you start planning, the better off you will be and the less stressful the process will be for you, as a parent.