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Saving for College

Topics: 8   Posts: 30

Ever since our children were little we would put money in a college fund for them.  They would get $100 on their birthdays and $100 at Christmas that went right into their college fund. 

My oldest didn't go to college, so he used the money to purcase a new truck. 

Now that I have a junior in high school, I am wondering if this was a good idea..   I am happy that he has money for college~ hopefully enough at least for the first year.  My quetion is since he has this money, now I wonder if he will have a hard time getting other help paying for his college. 

When I went to college I received TAP and PELL Grants.  I think that this money we saved for him will hurt his chances of getting grants.

What do you think?


Topics: 27   Posts: 70

I think it is a very good thing to save money for our kids future. There are many emergency funds we may have to need during our life and these funds can be crucial at any stage.


Topics: 9   Posts: 113

I believe that saving for college when you have small kids is very important You can never start to early as college fees are so expensive right now.




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