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Dumb Little Man: How a 529 Plan Can Help You Save for Your College Education

Dumb Little Man: How a 529 Plan Can Help You Save for Your College Education

Link to Dumb Little Man - Tips for Life

How a 529 Plan Can Help You Save for Your College Education

Posted: 09 Nov 2013 08:07 AM PST

All parents dream of providing their children with quality education.

But with the rising cost of tuition and other school fees, funding college education in the 21st century becomes a serious dilemma for most average American families.

In fact, over half of millennials surveyed by Wells Fargo reported that they paid their way through college with student loans.

One of the few things parents can do to alleviate the stress on financing their kids' college education—aside from availing of student loans — is to save money strategically early on.

They may put money in a savings account while their children are still young and build their savings over the years.

This plan may work, but it all depends on how much money you and your partner have to set aside each year.


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