Wouldn’t it be great if the “future you” could travel back in time to visit the “younger you” and impart some sage words of advice? What might you want to tell yourself, other than buy Microsoft stock? Although we can’t go back to fix some of the issues in our lives, we do have the opportunity to take the wisdom we’ve gained over the years and share that with our kids. One important area would be in the planning for a college education.
If a new baby has just come into your home, congratulations! Now start saving! Imagine if you could stash away just $100 a week. By the time you kid is ready to enter college, there could be a hefty little savings amount built up to help defray the costs of books, dorms and even tuition. Suppose your fledging student is now entering high school and you haven’t begun saving or planning yet. Don’t panic. You’ve still got plenty of time and plenty of resources available to help. A site like elearners.com provides some valuable insight on how parents can gear up for their child’s college education.
Most of what you’ll need to lock down your kid’s college future is discipline. You know discipline; it’s that same thing you’ve been trying to teach your kid all these years. A commitment to making deposits to a saving account is just one part of a complete college plan. As you child grows older, they will begin to develop certain interests which could serve as the inspiration for their future college career. You could encourage their interests by finding out about AP or community college courses they could take while attending high school. Of course the goal isn’t to overburden them, but to help guide them towards picking an education path that they’ll stay on.
