Questions You Should Be Asking About Saving For Your Child’s Education
This post was sponsored by State Farm®. For more information on the best financial services for your family, please visit or call a State Farm agent.
Over the past few months, my husband and I have discussed our desires to start saving for our children’s education. Not knowing where exactly to begin, we decided to make a list of important questions we have been pondering in relation to different aspects of saving for our children’s future. Are you constantly thinking about your child’s educational future? Here are 10 questions we found important!
10 Questions You Should Be Asking About Saving For Your Child’s Education
1. When should I start saving?
2. What can I start doing NOW to save?
3. How do I teach my children the importance of saving money?
4. How much money do I need to save?
5. What types of saving options are available to my family?
6. Saving for my child’s education seems complicated. Where do I start?
7. Why is it so important to save for college?
8. How does saving money now affect my financial future?
9. How can my children start saving their own money for college?
10. What is the best saving option available for my family’s current financial situation?
Have you ever asked yourself these questions? Are you passionate about planning for your child’s future? Well you aren’t alone. On Tuesday, March 29th, 2016 at 7PM CST/8PM EST, you’re invited to join in the 1-hour long State Farm #BabySteps Twitter Party with host @MomSparks and special guest State Farm agent @KitsiaGaines.
During the #BabySteps Twitter Party, you will have the opportunity to learn about the importance of saving for your child’s education, and to gather helpful questions to ask your State Farm agent about the saving options available to your family.
To RSVP to the #BabySteps Twitter Party, simply click here. It will be a great way to learn more about your options, and we will be giving away prizes from $50-$250!
What questions would you ask during the #BabySteps State Farm Twitter Party?
This post was sponsored by State Farm. For more information on the best financial services for your family, please visit or call a State Farm agent.
These are great questions. Many of us don’t think about this until later on and it’s a mistake. We were lucky that our daughter received a Million $$$ Scholarship (Gates Scholar – Microsoft and Buick) and is attending the school of her dreams: NYU Tandom School of Engineering.
I am definitely worried about this. We haven’t really started yet and our son is 8!
Right now, we pay for our kids to go to a private school so we cannot save too much for them. I do however, put aside all gift money they receive into a bank account.
It is so important to start early. We have been and we are happy we will be able to put a dent in it at least.
I always worry we’re not saving enough for our kids’ education! College is just getting more and more expensive!
It is so important to start saving for your child’s education as early as you can. School is getting to be so expensive.
I am so happy we started saving for the kids college funds when the kids were little. Now i have one in college and one in university and we can relax a little when it comes to the stress of paying for it.
I would have questions about state saving programs vs other savings programs. I wonder about that. Tim wants the kids to go to USC in Los Angeles because this is where he went. But we live in Orlando, FL and I could see them staying close to home. What would be my better options/.
Lee
These are all important questions to ask. I started saving for my children’s education when they were young. Now my oldest is graduating from high school this year.
Never too early to start planning for it, the miracle of compound interest works best when you start early!
My sister is always worried about her 3 kids’ education when they reach that age. This is a great post to share with her, to ease her mind!
These are great questions about future education costs!! It really is scary trying to plan out for the cost and know how much the cost is going to keep going up.
What great advice… those questions are perfect. You know, I totally need to get on top of this. Thanks for the push
These are all good questions to add! We need to start one for our son. We are actually in the process of doing this right now.
Saving for our kids education is so important! Thanks for the point in the right direction!
We started college funds when our kids were babies, but it’s been a while since I’ve added anything. You’re nudging me to be more active (which I needed!!!).
Education is so important. It’s never too early to think about paying for your child’s college!
This is a great article. My sister has two kids, and she’s been wracking her brain for how to save up some money for their college.
That’s something I wish I was able to do. Raising kids as a single parent without child support made saving for their education next to impossible.
Thanks Meagan for this amazing article. That’s a great list of question to ask (y)
I worry a lot about my child’s future especially with this crazy election.