Yikes! College is expensive! Surprise! Well, maybe not that big of a surprise. Now the question is, how do I save to pay for my kid's college education?If you've decided you want to pay for some or all of your kid's education expenses, now is the time to get started. In this episode I'll talk about how we plan to pay for our kid's college in a 529 plan, how much we saved in the beginning and how much we plan to save per month to reach our goal of $150k for the 3 of them. We'll talk about the tax advantages of using a 529 plan, how to figure out how much tuition will be in the future, and what tools I've used to come up with that monthly contribution. I'll walk you through how to come up with your own magic number as well.Join me next week as we talk about ways to decrease the cost of college!And as always, feel free to reach out to me at [email protected] or DM @kaeliwood on instagram. I'd love to hear from you about your own college saving plans!College Cost Projector by VanguardCompound Interest Calculator by Investor.govWhat is a 529 Plan by Saving for CollegeHow Much is Your State's 529 Plan Deduction Really Worth? by Saving for College Hosted on Acast. See acast.com/privacy for more information.

Ver todos los episodios