I think most parents would like to see their children go to college. Despite the rising cost of a college education, it is still clear that your average college graduate has far more earning capacity than your non graduate. Most of us want our kids to reap the personal growth of the college years as well as to be set up for a better income. The challenge that stumps many of us parents is how and when to start saving for college. Well, today’s post is sponsored by Country Financial and their experts can help you take simple steps to start to save money for college.
Save Money For College- How, Why and When
So, maybe you are like me, full of hopes and aspirations for your children to become anything they want to be. You want to make sure to prepare them and encourage them. And you are pretty sure the path to their dreams includes getting a college education.
My daughter isn’t sure what she wants to be but she thinks maybe a rocket scientist could be cool. Well, I think she would be a fantastic engineer and so encourage her to do well in math and science. I buy her books about Space and take trips to the Space Center. I help her believe in herself and her abilities. I show her space movies and introduce her to friends in that field. I tell her that college will be such an amazingly fun time for her- full of hard work and great friends. An opportunity for her to learn more about what moves her and a chance for her to get the tools to meet her goals. She is an amazing girl and I want her to have every opportunity. I want her to work hard now and earn scholarships but I also want to be able to help her achieve her goals. That is why I save for college.
When To Start Saving For College- #TakeSimpleSteps
When did I start? I started when my children were born. I have to tell you we didn’t have a lot to start our savings but I did what I could. We have tried to increase the amount we save in proportion to our increasing ability. The most important thing is to start with whatever amount you can and try to get into a regular habit of depositing more. You know that a little bit saved consistently can grow a lot. The benefits of saving early are huge when it comes to actually reaching your goals and letting compound interest help you reach those goals.
The best way to save for college is to start now. The more you save for college over time, the less you’re going to have to borrow later or the less you’re going to have to shell out as you’re working. Plus, certain college savings plans offer large tax benefits which can help you reach your goals earlier as well. When you are ready to get into the knitty gritty of how to save for college, the experts at Country Financial can help you take simple steps to start to save money for college.
Parents want only the best for their children. I want to provide my children with guidance and help where I can. I don’t want to have to sacrifice a lot later so I am planning and saving for college early. I hope this answers some questions about how to save money for college and reminds you to get started early and make consistent deposits so you can reach your goals. Have you started saving for college yet?