One day all my 3 boys are probably going to be attending college.
You know what that means: $Cha-Ching.
My wife and I already decided that we don’t plan to pay 100% of their tuition, but we will try to help them out so long as they are working towards getting a degree.
A recent study by Fidelity reveals that others have similar aspirations, in that parents plan to pay 62% of their child’s college costs, but they’re only on track to pay 1/3 of that cost.
Knowing that college isn’t getting any cheaper, we started saving for our first son basically immediately after he was born, and we’ve followed suit with each son thereafter.
It’s always nice to have choices like saving for your kids college, but many parents get confused on what’s best for them.
Having a plethora of choices can be overwhelming.
Most parents have too much other issues to deal with that trying to decide to the best college savings plan is shoved further down the priority list.
Don’t worry, busy parents….this post (and video) is for you!
For somebody who feels overwhelmed, here’s a quick look at the four ways that you can save to pay your kids tuition checks.