Learn how to start saving for college for your kids in this sponsored post.
When I look at my toddler son and 9-year-old daughter, it’s crazy to think that at some point they are both going to be teenagers and headed off to college. They’re just so little! I really do get emotional just thinking about it! What are they going to do without me there to guide them through life?
I know that time is going to fly, so not only do I need to teach them everything they’ll need to know when they’re away from home, I also have to start saving for their education now. It seems like there’s so much time, right up until they start high school and then the panic sets in and you start thinking, “Oh my goodness, how am I going to pay for their college?”
Saving for college doesn’t have to be stressful. In fact, the earlier you start, the easier it is.
4 easy ways to save for college when your kids are still little
1. 52 week challenge
At the beginning of every year, there are tons of easy weekly savings challenges going around. They make saving simple, and it’s fun if you get your kids involved.
2. Save your change
If you’re one of the few people who still uses cash regularly, put any change that you get into a savings account that is earmarked for college. We have a big jar filled with change that we take to the bank a few times a year.
3. Use an app that saves your change from purchases
If you don’t use cash frequently, there are apps that will round up your change from purchases and put them into a savings account for you. For example, if you spend $2.67, it will put .33 cents into savings. That really can add up! Check with your bank, because many of them offer that services on your debit card.
4. Start a savings plan with ScholarShare 529
ScholarShare 529 is a 529 college savings plan that allows you to save for your child’s higher education. You can start the plan with an initial investment of just $25. The cool thing about this plan is that for holidays and birthdays, you can ask loved ones to contribute and help save for your kiddo’s college!