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Episode 2495:
Jeff Rose breaks down exactly how much you need to save based on when you start, showing how even a few years of delay can significantly impact your monthly savings goal. Whether you plan to cover the full cost or only a portion, this guide helps parents take control of their child's financial future.
Read along with the original article(s) here: https://www.goodfinancialcents.com/how-much-should-you-really-save-for-college-paying-kids-tuition-bill/
Quotes to ponder:
"From the day your child is born you will have approximately 18 years to be ready for the day your son or daughter is ready for college, but the question is, how much should you save?"
"The key takeaway from this information is that the earlier you start saving for your child’s education, the better off they will be in their adult lives, and the more debt free they will be."
"As you can see, just because you’re late doesn’t mean it’s over. It is just a long road ahead."
Episode references:
College Cost Calculator: https://www.collegeboard.org
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