
Here’s how you can save money for college
There are thousands of colleges across the Country offering a diverse range of educational options. Nevertheless, if one has to have a successful career post college, it is very important to gain admission into a recognized college. Surely, this will prove to be a very expensive but necessary investment. Given the present trends with regard to tuition fee at even the mid-range colleges, it is surely wise to start planning and saving well in advance. For the wealthy, this may be of no great consequence, but for the majority, careful and time savings is essential. As parents, one of the simplest ways to put aside money is from the birth of a child. Every state in the USA offers a targeted financial savings plan with built in tax benefits knows as the 529 plans. These plans offer reasonable flexibility for people to put aside small sums of money that may be as low as US$ 25 every month. It is always better to plan to keep in mind the exponential costs of collegiate education, rather than be frivolous, to begin with, and save later. Another suggestion is to request any family members or friends who wish to gift your child something for a birthday or a festival to donate instead towards the child’s education fund.