Savings for College Takes Preparation
My parents never saved for my higher education or gave much thought to a 529 account. This is not surprising. Although they were always great parents, they didn’t have much extra cash to set aside while I was growing up. Besides, if they did it for me, they would have had to do it for my three siblings as well. Needless to say, I took the route of the student loans and financial aid. A college saving account may not have been at my fingertips when I ventured off to a University, but my positive attitude was. This was all I needed to make it through four years of exams, commuting, and loads of homework.
The key is to only spend what you truly need to spend. This basically means that your bills should consist of housing, tuition, food, and books. Alcohol, partying, and material things are not of great importance in college. Or at least they shouldn’t be if you plan to graduate with a great GPA and a small portion to pay back to the federal government. You may want to start school with a college saving plan. List out ways you can save cash while in college, and avoid all the unnecessary things.
