Tag Archives: tuition

Saving for College

7 Jun

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Most parents know that some day their little bundle will grow up, graduate high school and might pursue going to college. With that said very few parents actually make a road map for this financially. Going to college costs a lot of money and its not getting any cheaper. Here are some suggestions to help get you started. If you have a young baby or toddler now is the time to get started. The longer you have to save the better.

  • When your child is little make sure to save all monies given to them for birthdays and holidays (tell friends and family your toddler really doesn’t need another cute outfit) 
  • The younger you start saving means the longer you have to save / grow that college fund
  • Open a UPromise account – don’t buy items just for Upromise sake but a small percentage of purchases will go into a fund for your child this won’t take the place of traditional savings but will help add to it
  • Consider opening a Coverdell Education Savings Account (parents, g.parents anyone can contribute) or an Independent 529 account – not familiar with these learn more here
  • Consider using cash back options on credit cards to deposit “extra money / rewards money” into a savings account
  • Commit to saving a percentage of your monthly income for college savings now just like you would for retirement
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Mint – Free Finance Software

19 Feb

Part of having a stress free family (especially with a baby in the house), is being organized and on top of your finances So, here I am giving you a suggestion, try Mint – its the online, free software to help track all your money in 1 place. You can start this anytime, its free and I think you will really enjoy having a better look at your finances. Remember that you can control your finances so don’t let money be an overwhelming stress to track and manage. I love Mint because its free and able to fit in everyone’ s budget including single moms. Check out these other tips I have for managing your finances including your free credit score, getting organized, and quick tips for money management.

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Manilla Solves Organization

5 Feb

Being organized comes naturally to some others not so much…we live in a world where we get points for air travel, hotels, rewards for credit card purchases, while this is great it also leads to additional time tracking all these perk. This tracking takes time, and the paper adds clutter to already all the monthly bills you receive. Manilla will track your bills, rewards, and works with over 1,200 service providers.  Not to mention all this paper in so environmentally unfriendly and wasteful.

Tracking finances and money is the first step to understanding money so shouldn’t you get a better understanding of your family’s finances? Save time and money (Manilla is FREE and web-based) and go from this

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to this with Manilla

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Great tool to organize your Family’s Finances

20 Jan

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Getting your finances on track can be a bit of a challenge, but once you have created a budget it becomes a lot easier. Obviously, the biggest obstacle in creating a budget is the “excuses part” (I’ll do it tomorrow, next month, when I get my next ban statement and on and on). Second, budgets SHOULD NOT be complicated, if they are you will not use them. Third, you must set time aside to work on your budget, no this does not have to be hours but if set aside 15 minutes every week you will learn a lot about your finances and get a “real snapshot view.”

Creating a budget shouldn’t be costly, so I am recommending Andrea’s budget from Simple Organized Living (it’s the one you see in the photo above- you will need Excel to download it)