Start Saving for Your Child’s College Today
Saving for your child’s college education can seem like an impossibility. There are many factors to consider.. choosing the right college savings plan for your family, how much money to put in the savings plan each month, and whether or not you can continue to contribute to your child’s college savings after they have already enrolled. Each family is different, but two of the biggest determiners for whether or not there will be enough money in the college fund by the time your child enrolls is how early you start saving and how consistently you save.
This College Savings Calculator can help you determine how much you will need to save according to child’s current age. Remember, this is not set in stone, and rates can change for earnings.
SavingForCollege.com is a wonderful resource to utilize when it comes to determining the best (and worst) ways to save for your child’s college education. Some of the information provided includes an introduction to 529 Plans, plans by state, tax benefits and enrollment information. Utilize whatever resources you can as early as possible to give your child the wonderful advantage of having money for college available when it’s needed.