All kids should go to college or trade school, but it can be outrageously expensive. Nowadays, college is upwards of $35,000 dollars a year. Yikes! I recommend setting up a savings account for your child and depositing five dollars a week their whole life. This adds up very quickly without taking a tremendous toll on your financial situation.
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I suggest buying savings bonds for an easy way to double your money. I also suggest either saving all your spare change or just a specific coin of your choosing. We saved coins for one year and just put $651.62 in the bank.
Whenever I hear the words 'college fund' I nervously change the subject. It's one of those things that I've put off until my mortgage is paid off. By that time my son will be ten ...
When looking for scholarships, first start with your own company and start early. Even as a part-time worker, I was able to apply for a company-sponsored scholarship for my son