Sponsored by ScholarShare
I’ve talked recently about setting up a college fund for your kids. I have one already in college and one heading there next year. (insert sobbing) As they grow so does the price of college and trust me when I tell you, you do not want to arrive at their freshman year in high school and start contemplating how you are going to pay for their advanced education or how many student loans they will need to cover it on their own. I didn’t have a plan in place for my boys. I just assumed it would somehow work out.
Apparently there is no college paying fairy godmother. Who knew?
I’ve considered selling a kidney, but my dad only has one, so I think I should keep mine just in case. Also? I don’t think I could get enough to make a dent. Something about chardonnay and being old. And? My dad would probably pay more, so I’m holding out for that.
You may not be able to pay for ALL of their college and maybe you don’t think you should. But? If you start now, you can at least pay for some of it and save them decades of debt and stress.
May 29th is National 529 Day and my partner, ScholarShare, is hosting a 529 Day Sweepstakes on their Facebook page. What does that mean to you? Money, money, money, money, muuuuuunay. (Anyone know what song I am singing in my head right now?) YOU can enter for a chance to win $2,500 toward an existing or new ScholarShare college savings account.
If you already have an account you can add $2500. How great would that feel? I don’t know about you, but we add slowly. That sounds like a nice chunk.
If you don’t have a college fund started, you can start it with the $2500. The hardest part of a college fund? Starting it. Once you do, it’s easy to add a little bit here and there. Starting? Deer in headlights hard. This would give you the gentle push you need.
I would implore you today to do two things.
1. Go enter to win.
2. Even if you don’t win, look into the Scholarshare 529 program. What do you have to lose? Start the conversation with your family. Learn about it. We started a 529 for our eight year old (because we may be slow learners, but we eventually figure it out) before ScholarShare even came to me and asked about a partnership. Second best discovery of my life. If you are a long time reader, you can probably guess my first.
Disclaimer: I am blogging on behalf of ScholarShare. The views expressed, as always, are solely mine. I wouldn’t waste your time or mine writing about a product I didn’t believe in. We are all too busy for that.