Saving for your child’s college education, it’s on the the to-do list, right? I am guessing it is. That’s where it is for our baby girl. Hopefully int he near future it will work it’s way off the list and we will get started. If you are considering getting started, be sure to check out the Gerber Life College Plan.
Of course, while we all hope our kids go to college one day, realistically we know that might not be the path they choose. So one great thing about the Gerber Life College Plan is that it offers the flexibly of using the money saved for any purpose whether that is tuition and books, a car or a jump start on life. That’s pretty handy if you ask me.
One of the most helpful things I found on the Gerber Life College Plan is the planning widget that helps you figure out how much you would need to save (with Gerber Life College Plan) per month based on the age of your child. After you put in your initial info and get a recommendation, you can adjust the sliding scales to either save more/less money per month or to save more/less money ultimately. For example, I put in my child (under 1) and the scale recommends that I save $74.80 per month (in a Gerber Life College Plan) to have $21,000 in 18 years. Since another chart I found on the site says that a four-year degree currently costs $26,700, I adjusted the scale to see what I would have to put away each month to have $30,000 in 18 years (since I am sure prices will go up) and I found out I would need to put away $106.85.
Of course, the sooner you start the lower your payments will be. So I guess I need to work on that to-do list ASAP!
Giveaway – This giveaway has ended
Disclosure – I was provided promotional product for my time, however, all thoughts and opinions are my own.
Yes we have.
No, I haven’t.
Yes, we have!
kcoud33 at gmail dot com
No not yet.
Hi Jen, the tweet button on the giveaway entry show the taboo giveaway tweet- just thought I would let you know. I realized it after I put the url in. this is the correct one for my tweet: https://twitter.com/#!/hoss3111/status/170135200460832768
The tweet button at the top of the giveaway is right.
Thanks
Thanks Keely, I’ll update it 🙂
Not yet–hopefully soon!
Yes, we have been contributing monthly to a 529 plan ever since my daughter was born.
abfantom at yahoo dot com
Yes, I have started saving for college.
I haven’t even thought about saving yet, I probably should!
No we have not, but we really should get started.
I have just started with Upromise.
Thanks for the chance.
mogrill12@gmail.com
our children are grown
i just started saving!
no, I haven’t
No, we have not yet.
no.
Our kids are grown and paid themselves
No i have not.
cshell090869@aol.com
our two sons have bith graduated college- we’re working on helping the grandchildren now
No, I haven’t.
no I haven’t yet but I really need to start thinking about it
Yes!
WE haven’t started yet….and I’m stressing about it.
I’ve started buying savings bonds for my grandkids.
not yet!
No, we haven’t yet.
nope, having trouble just surviving
I don’t have children, but I hope when I do I will be smart enough to start saving early on
Sort of. She has a piggy bank, but we haven’t opened up an official savings account yet.
No, I haven’t.
Yes, we have started saving for our two kids already
No I haven’t but we need to!
yes, we save by contributing to stocks in a DRIP fund.
Still TTC!
Not yet, but I really need to!
textbookmommy at gmail dot com
yes we have
ardelong2(at)gmail(dot)com
I do not have children, but I am a senior in college and am about to graduate in May. I realize how important it is to start saving at an early age!
Sadly, we didn’t and it’s too late now! 🙁
We do – we’re really good about saving
nope
Yes! Started a banking account before she was one and also joined UPromise!
my son will be graduating from college this year
sherwalk at yahoo dot com