Saturday, November 29, 2014

Saving for Baby // The College Fund

As I mentioned in a previous post it's never too early to start saving for your child's college fund! With all the Black Friday sales I can't help, but think about all the great deals out there. It's easy to get caught up in the hustle and bustle of the holiday season and lose sight of the goals we've set to help us achieve financial peace of mind.

This holiday, stay on financial track, Capital One 360 is decking the halls with deals you can bank on, including new account bonuses, referral bonuses and closing cost credits. Visit Capital One 360 to give yourself the lasting gift of financial peace of mind by taking advantage of deals on banking, brokerage and mortgage products.

With tuition costs rising faster than inflation, by the time our kid heads off to college tuition will be through the roof. It's never too early to start saving.

3 Tips to Start Saving Today

Designated "College" Bank Account
Whether you're currently expecting or just talking about it -- it's time to set up a designated "college fund" bank account and start making contributions today. The sooner you start saving the better even if it's only $100 a month. 

Savings Bonds/Mutual Funds/Investments
Investing in mutual funds puts a professional in charge of your savings so that you don't have to watch the markets daily. Encourage family and friends to purchase $25 savings bonds in lieu or as part of gifts.

Make Saving Fun

Once your child is old enough empower them to start thinking about their future. Recycle and save -- you'll teach them about being green and saving at the same it. Birthday money -- have the child keep a small portion and put the rest in a savings account. A piggy bank at your baby shower for change then keep adding your lose change at home. You would be amazed at how fast it adds up.

By saving now you are creating a peace of mind for yourself and your child's future. What are a few ways you are saving for your child or teaching them to save?

I was selected for this opportunity as a member of Clever Girls and the content and opinions expressed here are all my own.

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