Here are a couple great tips for helping to add to your child's college fund.
Starting from when they are babies, instead of toys or presents, ask friends and relatives to get savings bonds (or the money and you can buy the bond) as birthday or holiday gifts. I believe that the parent should be getting their child the most memorable gift anyway, so save the "it" toy of the season as your own gift to your child and ask that they purchase the bond. It may not mean much now, but when those bonds mature, your child will be at the age when they will appreciate it most, and your house won't be full of useless toys and clutter.
When you want to cut your child's hair (if it is 10" or longer), instead of throwing it away or donating it to one of those organizations (I've heard many disheartening things about LOL), you could sell it and put the money into their savings account. Throughout their life, they may be able to cut their hair several times, adding to their college fund.
Sign up for Upromise. It allows you to earn money for their college fund while you spend as you normally would.
If you have any other college fund and money saving tips, please feel free to contact me.
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2 comments:
If you're looking for help with your college savings, check out our company, Freshman Fund.
Freshman Fund is a college savings gift registry that lets friends and family gift directly into your child's college fund. I hope you'll take a look and let us know what you think.
Those are great tips!
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