Getting Cash for College
HAMPDEN, MA – (OCTOBER 25, 2006) – The American dream is built on the idea that hard work and education is the key to better opportunities and building a better way of life. However, for too many families, this dream is being pushed further and further out of reach as college costs continue to rise.
“The cost for college for children born in 2004 will range from $193,000 for a public college and up to about $400,000 for private college according to the most recent estimates,” says Ray Andrée, president of Kitchen Table Advice (www.KitchenTableAdvice.com), which helps regular folks learn for to save for retirement, college and beyond by serving up practical advice not tied to any specific financial service.
“But before you freak out about the numbers, you need to know that saving for college has less to do with wealth than you may think,” says Andrée. “Sure, every parent worries about whether they’ll be able to afford to send their kids to college. But you are putting the cart before the horse if you are dreaming–or worrying–about having loads of cash on hand to send the little tykes to an Ivy League college.”
Once you start looking closely at your spending and taking a common sense approach, you may be surprised at how easy it is to sock away a little for college. Andrée suggests the following to make a savings for college easier:
1. The Early Bird Gets The Worm. There is no substitute for time and the power of compound returns, and it's easier than you think to get started. "Consider giving up an immediate pleasure today for the gift of education down the road," Andrée says. He suggests that instead of going out to a fancy restaurant for dinner twice a month, put that $200 into a 529 college savings plan. “Believe it or not, a $207 hypothetical monthly investment for 18 years at an 8% annual return could potentially net as much as $100,000 toward a college education."
2. Consistency is Key. "Set a plan and stick with it through regular monthly deposits. Get into the habit of regular saving first, and then you can increase the amount over time. Just get started! If you have trouble finding room in your budget for a regular investment, think about other ways to find the money," he explains. For example, if your child goes from daycare into grammar school, why not put that money into a regular 529 investment? Or, earmark a portion of your annual tax refund toward a 529 plan.
3. Make it an (Extended) Family Affair. "Get your friends, family and the child's grandparents involved. At holidays and birthdays, ask for contributions toward a college fund instead of the latest toy," he recommends.
4. Ask a Professional. Andrée notes that a college savings should be part of an overall financial plan, but there are many ways to approach it. "A professional financial advisor can help you develop a long-term plan to work toward your family's financial goals," he says.
Andrée points out that education isn’t just a degree, but teaching your children how to save is also integral. He suggests getting a piggy bank where you can put extra change.
“Education is an important part of our children's future. Unfortunately, it does not come cheap,” Andrée says. “Start saving now to help ensure our children's success.”
Be Heard Solutions
184 Lancaster Street
Albany NY 12210
About Cherry Communications (www.cherrycommunications.com)
Based in the Capital Region of New York, Cherry Communications is a strategic communications firm that works with businesses and nonprofits all over the country to develop results-oriented marketing and public relations programs. For more information, contact Shannon Cherry at 518-248-6592 or email: firstname.lastname@example.org.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Getting Cash for College here
News-ID: 12348 • Views: 1483
More Releases from Be Heard Solutions
National Be Heard Day Offers Small Business Celebration with Free Gifts
News Release For Immediate Release National Be Heard Day Offers Small Business Celebration with Free Gifts Marketing Experts Reveal Secrets to Be Heard for Entrepreneurs and Small Business Owners Albany, NY- February 29, 2008 -- As part of National Be Heard Day on March 7, a group of marketing experts will be offering free tools and programs to help entrepreneurs and small business owners find their voice, tell their story and be
Wild Women Entrepreneurs Hosts Virtual Assistance Mastermind Teleconference
Learn how “going virtual” can increase your earnings to six-figures BOSTON (January 29, 2007) — Ever wonder how the internet can help raise your business to new heights? Wild Women Entrepreneurs (Wild WE) will host a teleconference featuring Lori Davis, an expert in using virtual technology. The event will teach participants about the benefits of using multiple online services to increase revenue on Tuesday, February 20th at 12:00 p.m. EST. “The internet
Hit the Ground Running Upon Graduation
Certified coach shares secrets to transition from college campus to corporate climate ATLANTA (JANUARY 25, 2007) – There’s more opportunity and more choices than ever for college graduates, but according to Career Coach Hallie Crawford, CPCC, MA, the key for students to land a great job upon graduation and be prepared for life after school is to think and plan ahead. “Surveys show employers plan to hire almost 18 percent more new
Cherry Picked: Creating Healthy Relationships chooses Cherry Communications as P …
Albany, NY –January 24, 2007 – Cherry Communications, a provider of public relations and marketing communications services for businesses and nonprofit organizations, announced today the addition of its newest client, Creating Healthy Relationships. “Cherry Communications is thrilled to be part of the team for this up-and-coming company,” said Shannon Cherry, Cherry Communications president. “Using state-of-the-art technology, this partnership proves that you don't need a PR firm in your own backyard
More Releases for Andrée
New Boats Market is Thriving Worldwide with Top Companies like: American Skier, …
Los Angeles, United State, –The report titled Global New Boats Market is one of the most comprehensive and important additions to QY Research’s archive of market research studies. It offers detailed research and analysis of key aspects of the global New Boats market. The market analysts authoring this report have provided in-depth information on leading growth drivers, restraints, challenges, trends, and opportunities to offer a complete analysis of the global
New Boat Market Report: Potential Effect on Upcoming Future Growth, Competitive …
The New Boat market report 2024 introduced research report with details analysis on New Boat Market report Share, Size, Revenue, Sales Valum, and Growth Rate. We also providing information on Key players like manufacturers, trends, suppliers, customers, investors, major types, major applications which will help the user to understand the market in terms of its segmentation, Market insights and the challenges that the market is facing. The readers will find
New Boat Market 2018-2025 Research Report by Sulkha Shipyard, American Skier, An …
The New Boat market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for New Boat. This report presents the worldwide New Boat market size (value, production and consumption), splits the
Global New Boat Market 2017 - Andrée & Rosenqvist, American Skier, Angler Pro B …
The report on the Global New Boat market produces the overall analysis through various types and gives in-depth interpretation of the properties, and some other details. The report segments market into different aspects such as applications and industrial-use. It also describes sub segments of the Global market. Download Free Sample Report @ https://www.fiormarkets.com/report-detail/108640/request-sample The report analysis covers New Boat in the Global market, including Europe, South Africa, North America, Asia-Pacific, Middle East
New Boat Market 2017 - Chris-Craft Boats, Cimmarron Boats, Clyde Boats, Cobalt B …
Apex Research, recently published a detailed market research study focused on the "New Boat Market" across the global, regional and country level. The report provides 360° analysis of "New Boat Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global New Boat industry, and estimates the future trend of New Boat market on
Friends of the Earth calls on Canada’s Auditor General to investigate corrupti …
(Ottawa, June 14, 2006) On the eve of a federal government-led initiative to debate regulating the activities of Canadian mining companies abroad*, Friends of the Earth has formally petitioned the Auditor General to investigate a junior mining company’s activities in Ecuador’s endangered Cloud Forest. “The Canadian government provides massive financial and diplomatic support to its mining companies, and Ascendant Copper’s activities (ACX) offer a clear example of how these companies are