So far this year, it hasn’t been a very good one for proper tax planning by investors, and it’s doubtful if we will see any positive changes by the end of the year. China has been struggling with their economic slowdown and declining oil prices have hit us as well. Couple that with the US economy that is still floundering about because of inept policies from the current administration, and it’s no wonder investment portfolios have been hammered.
It’s no secret – having a child is expensive, and it only seems more so in our current economy. You want the very best for your kids, and will do anything in order for them to have the best possible future. One of the things you can do to ensure their future is bright, is to start a college fund to make sure they have every advantage when it comes time for them to attend a university. With experts predicting college educations to cost upwards of $95,000 by 2021, it’s only natural to feel a little overwhelmed just thinking about your child’s education.
Take a deep breath. Yes, saving for their college education starts right now, but it doesn’t have to define your financial decisions for the next 18 years. Here are some tips and ideas on what you can do today to make sure you have your finances in order when it’s time for college.
Put Aside Only What You Can Afford at the Time
Like I mentioned earlier, having a child is expensive BEFORE you even factor in college. When it comes to choosing a savings plan, make sure you pick one that works with you in your current situation. Can you only View full post…
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