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.
Susan H. says
Yes we have.
Jennifer Rote says
No, I haven’t.
Kimberly says
Yes, we have!
kcoud33 at gmail dot com
keely says
No not yet.
keely hostetter says
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
jen says
Thanks Keely, I’ll update it 🙂
Nicole Larsen says
Not yet–hopefully soon!
Ann F says
Yes, we have been contributing monthly to a 529 plan ever since my daughter was born.
abfantom at yahoo dot com
Tari Lawson says
Yes, I have started saving for college.
Kristy thiel says
I haven’t even thought about saving yet, I probably should!
Sarah C. says
No we have not, but we really should get started.
Monique Rizzo says
I have just started with Upromise.
Thanks for the chance.
mogrill12@gmail.com
Linda says
our children are grown
courtney b says
i just started saving!
Deborah Wallin says
no, I haven’t
Tamra says
No, we have not yet.
Hannah says
no.
Happi Shopr says
Our kids are grown and paid themselves
Shelly Peterson says
No i have not.
cshell090869@aol.com
susan varney says
our two sons have bith graduated college- we’re working on helping the grandchildren now
Gianna says
No, I haven’t.
Tanya White says
no I haven’t yet but I really need to start thinking about it
Eileen Burke says
Yes!
Debra F says
WE haven’t started yet….and I’m stressing about it.
Belinda Shaw says
I’ve started buying savings bonds for my grandkids.
sarah u says
not yet!
Ani G W says
No, we haven’t yet.
Daniel M says
nope, having trouble just surviving
Kim W says
I don’t have children, but I hope when I do I will be smart enough to start saving early on
Kimberly says
Sort of. She has a piggy bank, but we haven’t opened up an official savings account yet.
Angela Winesburg says
No, I haven’t.
Lisa L says
Yes, we have started saving for our two kids already
Jessica B says
No I haven’t but we need to!
Heidi says
yes, we save by contributing to stocks in a DRIP fund.
Melanie Dauterive says
Still TTC!
Heidi says
Not yet, but I really need to!
textbookmommy at gmail dot com
Amy DeLong says
yes we have
ardelong2(at)gmail(dot)com
Laura says
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!
Wendy says
Sadly, we didn’t and it’s too late now! 🙁
Vee says
We do – we’re really good about saving
Gina P says
nope
Emmy Coffee says
Yes! Started a banking account before she was one and also joined UPromise!
sherry walker says
my son will be graduating from college this year
sherwalk at yahoo dot com