College Planning

Donal Smith

Donal Smith

Creative Financial Life Mentor

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Your Family Bank College Planning

These days, high school grads as well as their parents view a college education as a "must have" to get a career-worthy job after graduation. But college is an expensive "necessity" and getting more expensive each and every year.

With the cost of higher education rising faster than the cost of inflation, it is estimated that the parents of today's 4-year-olds could face college bills of more than $200,000 per year.

Sure, the numbers are scary, but if you start saving regularly while your child is in diapers, you'll put yourself in a good position financially by the time your son or daughter is ready to hit the co-ed bathrooms. Also, don't forget that the availability of financial aid, loans, and education credits and deductions means you may not have to foot the entire bill yourself.

The problem is that most of us have not done a good job at saving for college. We have known of this impending doom since the day the children were born, but the everyday challenges of life have gotten in the way.

That is why Your Family Bank® is the perfect solution to this dilemma.  If you see the value of getting out of debt, stop paying 34 cents of every dollar to interest and the value of reducing you tax bill, you are at the right place. 

Now you will have the ability to offset the tuition monster using the 7 Steps of Money Management and propel you down the road to success.

For more information about college planning, please contact your YFB Representative.