Teach Your Children To Save For Education Now
As you prepare your child to "e-learn" this fall they will be studying and working hard for the next level of education. College or trade schools, no matter where they go next, they will need money.
According to educationdata.org, the average 2 year degree will cost you over 12k per year. A 4 year degree, nearly 22k a year. Want to head out of state, that will shoot up to around 40k a year. So your (their) total price could range anywhere from $50,000 to $200,000.
While you and your child might not want to think about that kind of expense while dealing with e-learning, IHMVCU has provided a "Saving for Education" guide that might make it a little easier.
Teach them the 50/30/20 plan, how to plan for a budget and how saving for their future now can pay off big down the road.