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Saving Money for College in a 529 College Savings Plan
By Meaghan Montrose
College- most parents want their child to go there, but how do they afford it? The cost of college is getting higher and higher each year. In order to save enough money parents need to start considering a savings plan as soon as the child’s first birthday (or maybe even earlier!). So, what’s a parent (or Aunt or Uncle or Grandparent or Godparent) to do?
One answer, the Smarter Wallet recommends using a 529 college savings plan. According to the post, one of the main benefits to the plan is the flexibility of the investment. Check out the entire post on 529 College Savings Plan As A Child’s Gift.
Related posts you may have missed:
How to Maximize College Savings for Your Child- Read about tips to make the most of child’s college savings.
UPromise: Saving Money for Your Child’s College Education- Find out more about this college savings service. UPromise allows everyone in the family to contribute to the savings account.
Topics: College Preparation and Advice, Money and Business Advice | 1 Comment »
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Once you even THINK about having kids, you should open up a college savings account!