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Tips on Saving for Your Child’s Education

I’ve teamed up with State Farm® to talk about tips on saving for your child’s education. I received compensation for this post, and all opinions are my own.

This coming week, my baby girl turns one and I am completely in denial. Everyone always told me just how fast time would go, but I feel like I am experiencing the truth of that statement first hand. Before I know it, my two little ones will be packing their bags for college, then I will REALLY wonder where the time went. Because time passes so quickly, as a parent, I’ve realized the importance of preparing for the future. Most importantly, preparing for my children’s education. Wanting to provide my son and daughter with the best futures possible, check out how I plan to start saving for my children’s education.

Tips on Saving For Your Child’s Education

Saving for child's education

Start Now: Even though planning for your child’s college education may seem too distant in the future, it’s no secret that the cost of college continues to rise. The earlier you start planning, the more prepared you’ll be to assist your child in earning their education.

college savings

Choose a Savings Method: There are many ways to start saving for your child’s education. It’s important to explore options that will best benefit your family. Being a first time parent, to be honest, the opportunities available to my family are foreign to me. That’s why my next tip is essential to exploring these options.

college savingsTalk to a Professional: If you’re anything like me, you probably have a million questions when it comes to saving for your child’s education. That’s why I’m going to be talking to a State Farm agent so I can figure out what is best for my family. I look forward to learning more what best suits my family’s needs now and pertaining to the future. Talking to a professional is a great way to gain more insight!

savings

My two little kiddos mean the world to me; and that’s why I want to give the world to them. I can’t wait to share with you my upcoming journey as I meet with a State Farm agent to further explore the options available to assist in preparing for my children’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.

TheGoodGears

Tuesday 22nd of March 2016

After saving a certain amount, I invested in mutual funds and bonds. It's great that it's growing like my son grow.

Amy Desrosiers

Friday 4th of March 2016

Currently, we save every dollar our friends and family give our kids and put it into their banking accounts. This way, they can have some money for at least some of their schooling.

Paula H

Thursday 3rd of March 2016

Honestly, there is a huge downside to being responsible and saving for your child's education as I just found out with my son who earned deans honor roll in his electrical engineering course. It disqualifies them from grants and bursaries because they're not "in need" I scrimped and saved as a single mother to make sure my kids could have a good education and not be in debt for years from school. We are not wealthy or even well off. In fact, I'm currently on unemployment but because they didn't need to get a student loan, they don't qualify for any financial rewards that they worked so hard for. I feel punished for being responsible :( I

Tammi Roy

Thursday 3rd of March 2016

We started a savings account for the kids education a year ago. Our bank was fantastic at helping us find a plan that worked for us.

Lisa Bristol

Thursday 3rd of March 2016

My Daughter is about to graduate from a two year college program. It is to bad she had to go into debt to get her diploma. If i could do it over i would have started to save for her education a lot earlier.

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