Saving for your child's college fund can feel like an impossible task. With all the other expenses of life, saving might be one of the last things on your to-do list. From paying the bills to weekly groceries, all the money is gone before you know it. Of course you want your child to receive the best possible education, but how can they when college is so expensive?
For many, debt seems inevitable, without any way to get around it.
However, the last thing you want is for your child to be starting their future with a bundle of debt.
Fortunately, there are ways to escape the debt that seems so imminent.
By cutting out small things now, you can make a big dent in your child's college fund. Those things that seem like necessities now just may change when you realize how much you could save without them. By going without Starbucks, you can save over $18,000--and hey, who said home brewed coffee isn't just as good? For those who think name brand is best, generic prescriptions get the job done equally well and the change could mean $22,000 in savings!
Check out this fun and helpful infographic from GED Academy for more effective ways to tuck money away for the future college years.
When saving is this easy, debt should never be the first option. A few frugal choices and the future suddenly looks promising!