Teaching kids how to save for college
Teach your kids good financial habits.
大学 tuition continues to increase every year, so it's important to start saving for college as early as you can. Getting your kids involved when they're young can help them form valuable savings habits and alleviate some of your financial burden. These steps can help you get started:
把他们的钱分了
Decide with your child how much of every dollar they earn will go toward spending, saving, etc. Set up separate banks for each category and help them split their earnings. This can simultaneously teach them to save for long-term needs and to spend only within their means.
奖励节约
Children might be more encouraged to save with a little incentive. 每月月底, match all or part of what your children have saved, so they can watch their money grow even more.
Take a field trip together to the bank
Go old school and regularly deposit your children's cash and coins in person. They can experience the savings process firsthand and they can see how their money grows. If you utilize an online savings account, then act as the banker: Set a regular deposit date when your kids will bring you their allotted savings, and put that amount in their accounts.
Suggest cash gifts from relatives
If eager gift givers are looking for another idea, mention contributing to your kids' savings accounts (which could be a 大学储蓄计划)或给钱. 如果是后者, remind your kids to divide it up according to their spending and saving categories.
Look for non-institutional scholarships
Yes, t在这里 are scholarships available as early as elementary school. Essay contests, science awards and more may come with cash prizes. If your child receives award money right away, consider investing it in a tax-advantaged college savings account.
