Search Results for: blog tips on saving and raising money for college

The Breakdown Cost of Raising a Child

We always hear all of these scary numbers about how expensive it is to raise a child. Unfortunately those numbers can be pretty accurate or even a little bit under, depending on your lifestyle. It is enough for some couples to decide not to have children at all. I’m glad I didn’t know about these numbers when we first started our family, because I might have panicked! Bankrate.com has broken down the numbers for the cost of raising a child based on the total cost released by the U.S. Department of Agriculture. These numbers apply to an average family making … Continue reading →

Start Saving for your Kid’s College Education NOW!

I have a New Year’s resolution for you to start 2008 off right. Vow to begin a college savings plan for your kids and add as much or as little as you can each month starting next year and beyond. It doesn’t even matter if all you have to save is $25 a month or $1000. Save what you can and get started. The sooner you begin investing, the further your savings will go. The less money you have to set aside for your kids, the sooner you need to start. Money saved when your children are young… less than … Continue reading →

Cut the Cost of College

Is college in your near future? Then start thinking about ways to cut your overall costs now. Half of the problem is saving for college, the other half is figuring out how to get the most education for your money. Consider some of these steps to cut the overall cost, without degrading the degree. 1. Junior or Community College Even if you only go one or two years the final cost of a junior college is far less, and often a better opportunity to learn. Transitioning from the smaller classes of high school to a large college can be stressful. … Continue reading →

Saving for Your Grandchildren

If you are a grandparent you may want to help your grandchildren to pay for college. This is a great thing to do if you have the money. You have several options available to you. You should decide which one will work the best for you and your situation. 1) You may decide to contribute to your grandchild’s 529 account. If you decide to do this then you need to the parents of your grandchild to make sure that you do not exceed the amount that the child is allowed to save each year. You may incur penalties if it … Continue reading →

Money Week in Review June 22-June 30

This last week in Money we covered a lot of different topics. We learned about saving money and ways to earn more money. Several blogs asked though provoking questions that can help you to make better financial decisions for your family. Tips on Saving and Raising Money for College offers seven great ways to pay for college. This article helps you to look at the whole picture when it comes to paying for college. Are You Managing Your Money or Is It Managing You? asks you questions about the way you view and use your money. This can help you … Continue reading →

Factors Influencing One’s Level of Education

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America is becoming a more educated world. In America’s history, education was not as important as it is today. The focus was mainly put on working the fields and training children to make a living for themselves off of the land. Today is a much different society. Technology requirements are blooming in almost every occupation. Educational requirements are increasing all across the careers. The percentage of Americans completing higher education is on the rise. Research has shown that education is linked to success in life. The more education that a child receives, the more successful he or she will become. … Continue reading →

Tips on Saving and Raising Money for College

The following are some ideas and tips to help you make college a reality for your children. Whatever their ages, if you want to ensure your kids receive a quality education, consider the following options. 1. State Sponsored 529 Plans: This is a profitable scenario if your kids are still quite young. With these plans, not only can you save for college, you can also gain tax breaks as well as receive investment earning that are tax-free. 2. Monthly Savings Plans: Any amount you save will be helpful. Try to get in the habit a setting aside a set amount … Continue reading →