Every parent wants a fully funded college savings plan for their child. There are very few parents out there that have no desire at all to save for their child’s college education. I bet that every parent wants to have a college savings account even if they cannot for some reason. One reason is you need to care for your own financial future first. But if you have the room, your kid will thank you (eventually).
We all want our children to have an easier go at life than we were afforded, right or wrong. Like the majority of millennials, I left college with a sizable amount of student loans. Debt that took me more than 10 years to pay off. Any amount of college savings my parents could have provided me would have significantly reduced my payback period. I want to fast track my child’s path to FI and a solid college savings plan is key.Continue reading