Some things in life cannot be planned for. That’s why smart savers keep a rainy day fund, to pay for those unexpected events that are likely to occur.
College, however, is not an unexpected event. And yet when asked, only 2 in 5 families with kids in college said they made a plan for it ahead of time. In order to pay for our children’s college education, we need to plan ahead. And you can never start planning too soon.
It starts by researching different schools and costs, so you can get an idea of what you will need to save. Then talk to your accountant or financial planner, or even someone at your bank who can walk you through your options as far as saving and investing today. To read more, click here.