What’s Your College Savings Strategy?

A jar of coins representing a college fund.

Whether you’re a spender or a saver, it can be difficult to put money aside for college, especially when your kids are young, and college seems so far away. However, this is the best time to start saving, because you have time to watch the money grow, and can update your college savings strategy as your budget allows. Even if your kids are older, it’s not too late to develop a plan to help your children reach their education goals.

How to Start a College Fund for Your Child

A parent passing money with a sprout to their child.

The cost of college is on the rise, and no generation knows that better than millennials. Many young parents today are still paying off their own student loans; while trying to save for their children’s education. The good news is, starting a college fund while your child is young gives you a good amount of time to create a solid nest egg for their future. The decision now is where to put your money?