With a new year comes a chance to get back on track; to make changes for better health, to focus on bettering our lives and to pursue our dreams that we were distracted from in the previous year.
As the new year rang in I realized how fleeting this time is. The boys are not babies anymore. My eldest is driving. He will soon be way too cool to celebrate a new year at home with family, playing board games and eating yummy snacks.
I have a few New Years Resolutions that I am excited about because I know that I will be able to follow through with them and they’re going to put us in a better place because of them!
Our Number One resolution for the year is a big one but so important!
Start a 529 College Fund or Contribute More
Soon my son will spread his wings and fly away, into a dorm room with new friends, embarking on an adventure in college life. That is enough to stop me in my tracks. College… How did it happen so fast? How are we going to pay for this?
Luckily, when I stop and plant my feet for a moment. As my mind stops spinning, I remember that he has a 529 College Savings Plan. While the years seem short, as I consider them at this stage of life, I am so glad we have been taking small steps all along to lead up to this new adventure.
This year our New Years Resolution is to contribute a little more to our kids 529 Funds, I play to do this by cutting out a few coffee shop stops each week and the number of times we eat out. By changing these few things we will be able to add an extra $20 a month to their 529 Fund.
If you don’t have 529 College funds for your kids, why not make it your resolution to get one started?
There are so many advantages to starting a 529 Plan to save for college. Not only are they great ways to save with numerous tax advantages, but they are an easy way to save for the future, little by little.
College is so important. It is one of the most important investments we can make for the future, for our kids. With a 529 Plan, friends and family can contribute in lieu of gifts at birthdays or holidays if they are moved to do so, and you can start as early, or as late as you need to, to ensure that when the time comes for the kids to grow up, leave the nest and head out into the world of higher education, you are prepared.
This new year, as you begin to set your plans and goals into motion, for the best year yet, let me encourage you to take a proactive stance on college, the experts at Country Financial are ready to help you navigate the waters of saving for college in the most tax advantageous ways. Taking small steps is crucial to face the cost of an education, and no matter what your budget is, there is a way to prepare.
Have you started a 529 Plan yet? If you are looking for more info on how and why to save for college with a 529 plan you might want to check out my other posts on the subject.