It’s Never Too Early to Begin Saving for College

It’s Never Too Early to Begin Saving for College

Your children may be toddlers, preschoolers, or only in their elementary years, but it’s never too early to begin saving for their college. College is still a good investment in your child’s future. According to the U.S. Census Bureau, “people with four-year degrees earn nearly twice as much as those with high school diplomas.” Fortunately, there are many resources available to guide parents along the path of saving for college.

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Planning for College with a 529 Account

Planning for College with a 529 Account

The price of college continues to go up; around $9,000 for tuition and fees alone at four-year undergraduate schools, and $35,000 or more at private schools, according to the College Board. Be sure there are no surprises; discuss these costs with your children, decide what they will be responsible for and get them on board (a FamilyMint.com account with a college goal is an excellent place to start!)

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