College Saving Funds Portland MI

When is the right time to start a college savings fund? Right now. Whether you’re still changing diapers or already teaching your daughter to drive, it’s never the wrong time to create a college savings plan and prepare for your child’s future.

Rising Tuition Costs

College tuition is already one of the most expensive things on the market and the costs are only going up. With the option to help pay for their kids’ tuition or leave them to spend the rest of their lives paying back their student loans, many parents choose to help their kids out where they can, but that often leaves them with nothing left over for their own retirement.

At Perennial Financial, we can help you determine how you and your child can get the most out of your money when it comes to paying for college. Whether that means going to a state school, applying for every possible grant and scholarship, or plumbing the depths of financial aid, there are a variety of ways you can get the most out of your college savings funds.

Save Early and Often

The best financial advice is always to save early and often, and that’s especially true of college tuition. As the costs of higher education continue to rise, it’s never too early for parents to start saving up for college. If you wait until your kid is in high school, it’ll be much too late, so find a good financial advisor now to help you determine when and how is the best way to start saving for your child’s tuition.

Call us today at (517) 647-7157 to set up an initial meeting!