Putting kids through college can be a financial nightmare for many of us. One of the wisest courses of action that you can embark on is to save up for college as early as possible. Having a substantial lead time on this expensive course will give you more flexibility in your plans should things go astray. Also, it will make it so it’s less of a challenge to come up with the money when you are going into school.
Even with grants and student aid, there is a certain amount of money that is often expected of people to be able to pay out of pocket. It’s not expected that it’s going to get any easier in the coming years, either. You need to make sure that you are planning ahead as much as possible. If you are parent, you should be putting money aside to save for your children in a special account that is for their college fund. This is not going to be for emergency cash or anything else. Put a certain amount of money in the account each month and don’t touch it. Leave it there to be used when your child is going off to college. It’s a good idea to do this if you plan to send your kid to college.
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