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Saving Money for College

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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Give the money to your kid to use "only for college" when they are old enough. It might not cover it completely, or you could have extra, but it's a great way to help them out financially. Student loans can haunt you your whole life, and we don't want that happening to our kids!

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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.

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Kelly Ann Butterbaugh
June 9, 2008

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 ...

Click Here to go to U Promise's website

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July 13, 2011

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

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Parenting General Parenting Family FinancesJuly 7, 2011
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