5 Ways to Fund Your Kids' College Education

Рет қаралды 2,341

2 ай бұрын

When you have a kid, your life changes forever.
It’s amazing how such a little thing can take up so much space in my heart…and in our budget!
The cost of raising a child can be significant, from healthcare, education, food, clothing, and extracurricular activities.
According to a 2022 study, parents can expect to spend $310,605 (adjusted for future inflation) raising a child born in 2015 through age 17.
And often, the expenses don’t stop when your kid turns 18.
In fact, that’s when one of the most intimidating expenses pops up: College.
I know it’s scary but take a deep breath. I GOT YOU!
In this video, I’ll share 5 ways to save for your kids’ college expenses. We are going to plan and explore strategies to manage your child’s higher education funds effectively.
Some topics that we will cover are:
👉 Popular options for College Savings
👉 Tax-advantaged accounts to multiply your money as quickly as possible
👉 Leveraging compound interest
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Пікірлер: 9

@DowJanesFinancialEducation 2 ай бұрын

College expenses can feel overwhelming, but I hope this video gave you hope (and actionable steps!) to future-proof your kids’ education. Whatever you do, don’t make the mistake a lot of parents make by compromising your retirement savings for your kid’s college! Remember, if they have to, they can always get student loans, but there aren’t loans for your retirement and you owe it to yourself (and your kids) to look out for your financial future.

@alessandraw. 2 ай бұрын

....used to be that if you got a high enough grade point average, college courses were free.. But as an ex teacher I don't think it helps your child to push them into academic type learning. Especially when they are young they need PLAY to grow the brain. Play away from the computer, preferably in the outdoors. Actually come to think of it there are nature based preschools now. I'm mentioning the early years, because, according to the research these are the most important for rapid growth of creativity and autonomous problem solving. Give them paper and crayons.. allow them to interpret - don't constantly name everything! Love from Grandma

@DowJanesFinancialEducation 12 күн бұрын

Definitely! Such great points here - thank you for sharing! Education looks and feels different for all!