This conversation was sponsored, but all opinions are my own!
I am working on an entire budget revamp this year. Not only did I hire a bookkeeper to keep everything in order, I’m tracking my credit score and working at paying down debt. I’m also starting new accounts (for example, a savings account) to add financial security for the new year. Since education is an important fundamental idea, it’s important to show your child just WHY it’s so crucial to their future success. This is why we have also started a college fund for our preschooler! Keep reading to learn more about Florida Prepaid Plans and how you can encourage your child to love learning.
Start a college savings account. Here’s why this works: Your children will know from an early age that higher education is important to your family. There are other obvious reasons for starting a savings account for higher education, and this graphic shares the top three.
It’s true that I didn’t have a savings account for my own college education, and I pursued a Master’s degree as well. College loans are NOT a good idea, and I’m living proof that sometimes scholarships don’t always pan out. It’s important for me to not create the same mistake for my son, so we are signing up for a Florida Prepaid Plan. We are going to look into the one year Florida University Plan since it’s affordable and simple!
My Other Financial Goals:
Teach my son the value of saving versus spending.
Keep track of my budget every week.
Cut back on spending.
Eliminate unnecessary online spending (I’m the worst at joining membership sites, buying subscription boxes I don’t use, etc.).
Are you ready to start planning your child’s (or grandchild’s!) future? Stop by Florida Prepaid and sign up.
Use code BLOG1516 for a gift when you make a Florida Prepaid purchase!
Have you started planning for your child’s future? How can you encourage education every day?
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