Article: Saving For College: How To Make Your Plans
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Saving For College: How To Make Your Plans
When you?ve got a kid or two, you?re going to have to start thinking about one of the inevitable problems of parenthood: saving for college. This is often the single biggest expense of having kids, and private schools can run forty thousand dollars per year or higher. Even state schools cost several thousand per year - parents need to plan ahead.
What should you be doing? When your kids are still young, you need to be socking some money away every year. This will probably need to be a good amount - at least a thousand or more per child. You?ve got roughly eighteen years, and if you save up a little bit each year, you can make sure that your child can at least attend a solid state school. Make a budget, and stick to it. You may have to make some cuts in what the family is spe...
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