Skip to content

THE TIMES USA

The News that Matters

Menu
  • ABOUT
  • CONTACT
  • LIFESTYLE
  • NATIONAL NEWS
  • BUSINESS
  • INTERNATIONAL NEWS
  • TECHNOLOGY
  • PRICE OF BUSINESS SHOW AUDIOS
Menu

How to Save up for Your Children’s College Fund

Posted on November 21, 2020January 14, 2021 by David Jackson

The path to a good future is often paved with a college degree. Unfortunately, college is more expensive than it has ever been. As such, children are graduating with tens of thousands of dollars worth of debt. This un-tenuous situation has many parents stressed. How are you planning on helping your children with their college education? We’ve got some advice that might help.

1. Cost of College  


It begins by assessing the total expected expenses of college. Below, we’ve listed the three most common expenses of college. Each of them is important to plan for.

Tuition:
Of course, tuition always comes to mind when people think about paying for college. Nevertheless, it is only the second most expensive item on the list.

Books:
Books come in a distant third. However, they can still quickly add thousands of dollars each year to your total expenses.

Living Expenses:
The most expensive part of a college education is your living expenses. Most people can expect to pay at least $20,000 a year to live. You can avoid a lot of these expenses by letting your children live at home. Nonetheless, it’s important to anticipate.

2. At What Age Should You Start Thinking About Your Child’s College Expenses   


When is the best time to plant a tree? 30 years ago. When is the second-best time to plant a tree? Right now. The story is much the same as your children’s college education. If you have not started yet, you better get to it.

Infant:
Begin researching different investment options as soon as your baby is born. If you start now, a little can go a long way.

Elementary:
By the time your kids are in elementary school, you should have a well-established plan. Hopefully, you’ve already got some money socked away.

High School:
Once your children reach high school, you should have confidence their education will be paid for.

3. Tips on Saving for College   


Putting away money for your children’s college education isn’t as difficult as you expect. Simply adopting a new perspective can show you savings you did not anticipate. With enough self-discipline, anyone can manage to do the following things.

Prioritizing Your Savings Is Key:
Every dollar that you earn should be thought of as an investment. When you get your paycheck, put your money into your savings first. Then, you can spend whatever is leftover. You can take it a step farther. Talk to the HR department and update your direct deposit information. Have a portion of your pay deposited directly into a savings account. The remainder can continue to go into your normal account.


Pen and Paper Are More Useful Than You Remember:
We suggest creating a written budget. You could use a computer. However, using a pen and paper seems to be the most effective. It is difficult to explain why. Perhaps, humans connect with the ideas as they break them down more than when they type them.


The Power of an Intelligent Thermostat:
Have you been monitoring your climate control system? If not, you are throwing away hundreds of dollars a year. Install an intelligent thermostat. These devices will monitor to check when the home is occupied. By turning off climate control when you are away, your Dominion Energy bill reduces substantially. Every single dollar you save is another dollar you can put towards education. Plus, it is much more convenient than a standard thermostat.

Making a College Degree Possible  

If you want to help your children, paying for their college degree is an amazing feat. They will get to enter adulthood without the burden of student loans. Your children will be eternally grateful for the sacrifices you made for them.

You Might Also Like...

  • The Children's Museum of Houston is a Destination Location

    By The Price of Business Show, Media Partner of TTU. On a recent Price of…

  • This Camp Gives the Opportunity for Disabled Children to be Free of Barriers

    How many people do you know who come back from a walk and feel refreshed?…

  • 5 Benefits of the Kindergarten Level for Children

    Many decades ago, the first education level of students was in elementary school. But many…

  • The Music You Write Can Save Life

    'A game-changer for music artists': Amazon Best-Selling Author Jayson John Evans is proud to present…

  • Congratulations On Your College Degree In Cheating!  

    By Kip Kolson, Special for The Time USA The headlines this week were dominated by…

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

VIDEO: This Week’s Best of our Network

https://www.thetimesusa.com/wp-content/uploads/2022/05/Newsweek-Editor-on-Politicization-of-Buffalo-Tragedy-and-More-5_23_22.mp4

GDPR Compliance

USABR does not collect data on its visitors.  For more information visit: https://www.usabusinessradio.com/contact-us/

Contact

Contact articles@usabusinessradio.net for more information on articles on this site. BMuyco@usabusinessradio.net for all other information.

Recent Articles

  • A “Defensive Posture” in Finance is Not Sticking Your Head in The Sand
  • Clinic for Family Dentistry in Mattapan: How To Find One?
  • Why Digital Marketing Is Now the Go-To Method of Marketing
  • 5 Things a Small Business Owner Should Know Before Scaling
  • Different Types of Legal Fees Charged by Lawyers

The Secret to Making New Rich Books Work

The Secret to Making New Rich Books Work

Also in TTUSA

  • One of the Last “Gender Neutral” LTC Insurance Company Changes Stance and Its Impact on the Industry
  • Net Entertainment Casino Bonus | Possible to earn with online casino
  • Thoughts on Lying
  • Online Gambling Association – Casino postepay where they accept the card
  • New Slot Casino – Payment methods in online casinos

RSS The Daily Blaze

  • The Importance of Using Social Media Platforms To Improve Business and Website Traffic
  • Have You Installed the Vingo App? Open a Free Account Today
  • Famed Defense Attorney Looks at the “State of Texas vs. Melissa”
  • Powerful Habits To Become A Better Version Of Yourself 
  • A Guide to Decorating Your Wedding Venue (4 Vital Things to Remember)

The Leader in Business News

The Leader in Business News

RSS USA Business Radio

  • Cody Willard on How to Navigate a Dicey Stockmarket
  • Newsweek Editor on Politicization of Buffalo Tragedy and More
  • EPIC Software-as-a-Service – A Consumption Model for Healthcare Providers
  • US Stock Market Moving Rapidly to a Bear Market
  • Thought Leaders Find Book Publishing a Powerful Tool

RSS USA Daily Times

  • Journey to Becoming a Millionaire Begins in Your Mind
  • Chris Miles’ New Commentary Feature on Price of Business Digital Network
  • 6 Ways You Can’t Hide Text in Files, Emails and Other Data From a Search Engine
  • What to Do When Your Health Insurance Won’t Cover a Treatment
  • Post Reporter on Disaster Relief Disparity in Texas

RSS USA Daily Chronicles.

  • The Significance of the Leaked Dobbs Supreme Court Draft Opinion
  • Technology Has Improved the Way That We Play Online Games
  • Is Now a Good Time to Sell a Business?
  • The Impact of the Roe vs. Wade Overturning Might Have Could Surprise People
  • Barbara Comstock Assess the Political Primary Season

RSS Price of Business

  • Cody Willard on How to Navigate a Dicey Stockmarket
  • The Significance of the Leaked Dobbs Supreme Court Draft Opinion
  • Making Effective Strategic Decisions
  • Walk Through Guide to Buying a Dog Bed
  • Damon Becnel Shares 5 Reasons Startups Fail and How To Avoid It

RSS US Daily Review

  • How Texas Is Looking To Provide More Mental Health Providers Into the Education System
  • Sen. Manchin Joins GOP in Blasting Biden’s Interior Secretary
  • The Benefits of IT Staff Augmentation Services
  • Handgun vs. Pistol: What’s Best for Self-Defense?
  • The “Tax Cuts Causes Inflation Argument” is Old and Requires Examination

PoB Digital Network

US Daily Review

USA Business Radio

USA Daily Chronicles

USA Daily Times

The Daily Blaze

The Times USA

Price of Business

© 2022 THE TIMES USA | Powered by Superbs Personal Blog theme