5 Tips on Saving Money for Your Younger Kids for College

Let’s face it anyone that has younger kids worries about how they are going to be able to come up with the money for when they go to college. However, if you are starting out when they are younger that is the best thing to do. Here are 5 tips that as parents can do to save for your child for later on in life.

Consider Gerber Grow Up Plan

One of the more popular choices that parents is to choose Gerber Grow up Plan. This life insurance plan not only handles life insurance. It also covers;

·         College Savings

·         Accident Coverage

·         Money build up plans

·         Life insurance

Having the Gerber Grow Up plan is a benefit for several reasons. When your child reaches 21 their insurance doubles without the price doubling. So, when they are in college they will be set. However; for some families that is not an option.

The Hidden Stash Jar

The stash jar is something that a lot of people use. The only thing is you literally have to be able to not dip in to the funds at all. One of the ways that people keep from getting in to the jar is to tape the lid with packing tape or duct tape and wrap it around the jar several times. Sounds silly but it works. Then every pay check you put 40.00 in the jar and you move the jar to another location, just in case you have unwanted guests that are snooping.

By the end of the month you should have 80.00. if you were to put aside that a month for 1 year you would have saved 960.00 a year for your child’s college fund. Now imagine if you were able to do that until they were ready for college.

Make Use of Your Can Return

If you are like any American you either have pop cans and other returns laying around the house or you have seen them while you are walking. Even just the few cents that you save in a jar can add up to a decent amount in just 1 year.

Sell Your Old Junk

We all accumulate junk and things over the years so think about it, what if you were to sell all of your old junk that you do not need and then take that money that you make and put it to a fund to help your child’s college education? And if you were to sell a few things at a time that would mean that you could pick up a few new things for yourself and so on.

Getting That 2^nd Part Time Job

If you are someone that is really serious about saving for your child’s college education you may want to consider getting a second job. This does not mean that you run yourself ragged. In fact, if you are somewhat of a good writer you could even considering a 2^ndcareer as a freelance writer. That way you could set your own prices for your work. You will soon find out that freelance writing has become a big thing in today’s writing industry.

By taking the time by doing one or more of these things over time you can be sure to secure a decent amount of money for your child’s college education.