Wednesday, May 29, 2013

Instagrad - Save for your child's future



I've always wished I would have gone to college. I know it's not really too late or anything and maybe I'll go one day, but in reality, it's just not in the cards right now. But where I fell short, I've learned that things can be different. It's really important to me that Wyatt has a good education.

I want the best for Wyatt and that includes sending him off to college one day. We all know there is scholarships, grants, and student loans that can help pay for college, but I personally think the best way to prepare is to really save up now to help your children pay for college.

You may be thinking, “How do I figure out how much to save and where should I put those savings?” I’ve been trying to figure out the same thing! Many parents have the intention of saving up for their children’s college education but just don’t manage to actually do it. That means when it’s time for their kids to head off to college they are struggling to make ends meet and once they do graduate they are in major debt. The scariest word of all time, right?

As of today the average cost of tuition is $22,261 per year (barf). That is a lot of money, especially when college degrees are usually at least 2 years long. I can’t help but think of all the toys Wyatt gets and simply doesn’t need. All the general crap that gets accumulated and the money wasted- everything adds up. What if you could instead ask family members and friends to put their money towards something far more valuable – their college education fund?

That’s where Instagrad comes in. There are many ways to grow your child's college savings plan. The most important way is to start saving early and don't let your child get left behind. Instagrad is a social funding platform for college savings plans. Instagrad helps parents grow college savings so that they can ensure a brighter future for their child.You just sign-up for an account, create a profile for your child, and share the link with friends and family. Anyone can donate and using the Instagrad format is an easy way to share on all your social media platforms. I am sure there are so many parents and grandparents; possibly even friends that would appreciate donating to your child’s education rather than buying another toy.

Once you start receiving donations you can then transfer the funds to your child’s 529 Savings Plan. A 529 Savings Plan is the best option when saving for your child’s college fund because it doesn’t get taxed as long as it’s used for college expenses. You can read more about how 529 Savings Plans work here. Whether you are starting before your little one is born, or starting when they are a teen, Instagrad can help you get on the right track.

If you are really serious about wanting to save for your kid’s college fund then be sure to head over and sign-up for Instagrad. It's free.

Disclosure: This was a sponsored post. I was compensated for publishing this content. However, this is my honest thoughts and opinions.

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