Prioritized Living

Master your money. Get organized. Take back your time.

Am I Saving Enough for My Child’s College Education?

Am I Saving Enough for My Childs College Education

In its Annual Survey of Colleges 2015-2016, The College Board estimated that a student living out-of-state at a public four-year college can expect to pay almost $15,000 for room, board, and other expenses, on top of an average $24,000 in tuition.

After adjusting for inflation, that’s an astounding 40 percent increase over the past 10 years, which leaves many parents to wonder — will I have saved enough to give my children the best education possible by the time they’re ready to go to college?   [Read more…]

Want to Save Money on Your Kid’s College Tuition? Don’t Pay It

Want to Save Money on Your Kids College Tuition? Dont Pay It

“Have you started saving for college?” a co-worker whispered apprehensively when I announced my first pregnancy at the office.  The question wasn’t unreasonable — even though my kid will be in the graduating class of 2037 . . .

Do you wonder how you’ll ever foot the bill?  Try this concept on for size:

Don’t pay for college.

Grab your smelling salts.  You can absolutely do it.

My parents were educated beyond college and wholeheartedly believe in the importance of higher education.  Still, while they offered to pay for room and board for their five kids, they gave us the responsibility of handling the rest of the bill.

At the end of the day, we all managed to enter excellent college and graduate programs, land great jobs and do it all with little or no debt.

Here’s how you can help your kids do the same . . .

Read the rest of my recently-published blog post on The Penny Hoarder, the world’s largest personal finance blog with more than 8 million readers!