Jul 29, 2019
Most parents want their kids to not get stuck with a mountain of student loan debt. Learn the best ways to save now for your kid’s college or trade school!
How to Save for Your Kid’s College / Trade School Education
With student loans seeming like a weight on many college grads, I think most parents who kids are thinking about either college, trade school, or vocational schools are trying to find ways to ease the burden by saving ahead.
And the advice typically given is to save ahead.
How do you do that when you juggling your current family expenses and saving up for other goals?
To help me out today is Drew Snider. He’s a director in Financial Planning at Coastal Wealth Management.
He’s also a parent of a 12-year-old daughter and yes, he’s been thinking about this as well. So he’s looking at this from both sides.
In this episode, we’ll get into:
- The rising costs of college and why its harder for kids to work through college
- What options you have to save to and invest
- How you can start saving now
Let’s get started!
Resources to Start Saving and Paying for College
If you want to save something for your kid’s education, here are some handy resources to get you started!
- Best Budget and Money Apps: Personal Capital, Tiller, Mint
- Grow Your Stash Faster: High Yield Savings with CiT Bank
- Automatic Saving: Qapital
- Jumpstart Your Marriage and Your Money
- Why College Is So Expensive In America
Thank You to Our Sponsor Coastal!
Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!
They have a Wealth Management team focused on helping you reach your financial goals as well as accounts to help you save for college!
Support the Podcast!
Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.
- Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
- Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
- Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!
Music Credit
Like the music in this episode? Music is by Lee Rosevere and Music for Makers.