This category addresses various matters dealing with planning, funding, and surviving college.

March 12, 2019
when to start saving for college early

When Should I Start Saving for College?

As a father of three, I’ve often asked myself, “When should I start saving for my kids’ college educations?”. With dollars flying out faster than they’re coming in, where do I find the extra income in my budget… especially when life just happens? However, I feel like I have to start making plans! My kids are rapidly approaching their college years, with my oldest just four years away from beginning her higher education journey. Coincidentally, my kids will be in college for at least 12 consecutive years! So obviously, the sooner I start saving for my kids’ college educations, the better. Yet, before I start saving for college, there are a few things I need to first… and so do you.
January 4, 2019
top business games to learn business principles

Top 6 Business Games… Learn Business Principles the Fun Way!

Maybe it’s because I’m a business owner myself or maybe it’s because I like giving my kids every opportunity in the world, but I don’t want my children to learn business ownership skills the hard way. That is why I have created my list of top business games. I want to equip them now with some of the basics of business in case they want to open their own company in the future and one simple (and fun) way to learn is through play. So, turn off the TV, grab a game, and make some family memories that will help your them in the future. 
October 10, 2018
529 Savings Plans for College

529 Savings Plans for College: 10 Advantages to You

According to the College Board (2016) study, called The Trends In College Pricing, by the year 2024, the average sticker price of a public education in a state college is expected to move up to $34,000 per year. For private schools that number is estimated to be around $76,000 a year. Let’s face it, college is getting ridiculously expensive and if you have little ones at home that you expect to help pay for their college, then you need to know how to set aside money for that. 529 savings plans are a particular investment vehicle allowing you to save or put away money specifically for education TAX-FREE!! Yes, you read that right, tax-free. Now, let’s consider what you may or may not know about 529 plans.
May 3, 2018
Financial Games for Kids

9 Financial Games for Kids That Teach Monetary Principles

It is hard to believe one of the most important aspects pertaining to our kids’ future is often overlooked: learning about finances! Since these life-changing concepts are not adequately covered in schools (in my opinion), that job falls on us parents! One great (and fun) way is by playing financial games for kids. These games will expose them to the rules they will encounter during banking and managing money as they grow up. The best part—when playing these money-related games, they can take financial risks without being penalized. The winter break is a great time to snatch one up and get your kids’ financially simple education started!
December 7, 2017

Should You Use a ROTH IRA to Fund Your Child’s College Education?

Today’s question of the day is: “Justin, I read your blog post about options of where to fund your child’s college education for maximum savings. You mentioned a Roth IRA, so how exactly do I do that?”
October 3, 2017

Tax Tip: Check Out College Tax Benefits

Reminder for Parents, Students: Check Out College Tax Benefits With back-to-school season in full swing, the Internal Revenue Service reminds parents and students about tax benefits that can help with the expense of higher education. Two college tax credits apply to students enrolled in an eligible college, university or vocational school. Eligible students include the taxpayer, their spouse, and dependents. American Opportunity Tax Credit The American Opportunity Tax Credit, (AOTC) can be worth a maximum annual benefit of $2,500 per eligible student. The credit is only available for the first four years at an eligible college or vocational school for students pursuing a degree or another recognized education credential. Taxpayers can claim the AOTC for a student enrolled in the first three months of 2018 as long as they paid qualified expenses in 2017. Lifetime Learning Credit The Lifetime Learning Credit, (LLC) can have a maximum benefit of up to $2,000 […]