How to Save Money While Preparing Your Child for College
|
Posted By: Brooke Chaplan on December 02, 2022 It's no secret that education is a valuable asset. However, college tuition is currently at an all-time high. While the price is high, there are ways to save and prepare your child for their collegiate experience. Consider the following ways to get started. 1.Scholarship ApplicationsScholarship money is out there. The key is to become diligent in applying for it. Consider developing a habit of sitting down with your child to apply for college scholarships each week. There are websites solely dedicated to scholarship information and various organizations that offer free money. Plus, when your child has excellent grades, it's even easier to secure full rides from plenty of excellent universities. 2.Wise, Thoughtful PurchasesWhen you're actively working to save money, take a closer look at what you spend money on now. Consider the various ways you can cut down on your spending habits. If you and your family regularly eat out, it's time to buy groceries, create meal plans and dine in. If you're preparing to purchase a car, don't buy a brand-new car. It loses value as soon as you drive it off of the lot. Instead, buy used cars. With most used cars, it's impossible to tell that they're not brand-new anyway. 3.Payment PlansDepending on the type of major purchases you need to make, consider looking for payment plans that allow you to get some wiggle room in your budget. Large payments tend to hit the budget in a way that feels overwhelming. With a small monthly payment, it's easier to take care of necessities as you set aside more money for school. 4.Increased Income FlowYou can't save what you don't even have to begin with. This is why when you're having the conversation about saving money, you have to really look at topics like income streams and budgeting. Once you've tightened the budget and extracted as much as you can into your savings account, it's time to look at ways you can generate more income. Whether you pick up a second job, learn how to day-trade, or turn the basement into an apartment you can rent out, find various ways to increase your income so that money can go directly into your savings account. As you work to save money, include your child in a portion of the process. When they understand the importance of money and see how hard you worked to make sure they're in school, it'll help them gain a different level of respect for the process. When they're able to contribute to the process (getting good grades, applying for scholarships, etc.), this can help them to respect the process and remain committed to excellence once they're in school. If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
 |
Brooke Chaplan
From Los Lunas, NM Member Since December 2016 |
Comments
More From This Author
Latest Blogs
 |
NSU’s Joe Bryant named HBCU National Player of the Year for a second straight yearNORFOLK — Norfolk State guard Joe Bryant was named HBCU National Player of the Year by BOXTOROW for a second straight season, the organization announced Thursday.
Bryant, a former star at Lake Tayl ...more
Sofía Montiel • 86 Views • March 23rd, 2023 |
 |
Inglewood Ca Artist NEHRU Is Back With 2nd Single#NEHRU @NEHRU
YouTube@NEHRU
IG@NEHRUHOWARD
Twitter@BOSSNEHRU
AppleMusic@NEHRU
AmazonMusic@NEHRU
Spotify@NEHRU
bossnehru111
Fb/ nehru
Youtube / nehru
Tiktok/ bossnehru
NEHRU Youtube Link ...more
LaMarr Blackmon • 59 Views • March 23rd, 2023 |
 |
Called To Serve Co-Hosted by Daisy Brown and Demetra Davis.Called To Serve Co-Hosted by Daisy Brown and Demetra Davis.
Join us for Season Four, Episode 4 of Called to Serve with Veterans, Host Daisy Brown and Co-Host, Demetra Davis.
Today's Guests: Amer ...more
Beverly Johnson • 48 Views • March 22nd, 2023 |
 |
President Support Prayer For Our Leader NationwidePrayer is very important because of situations and circumstances happening across our nation. Senseless killing content with young people dying, hunger numbers are growing daily, homeless on th ...more
Min Sammy Jackson • 84 Views • March 22nd, 2023 |
 |
Young Students Should Investigate Green Technology as a CareerThe children are the future and so is green technology. Mr. O and friends give a basic breakdown of where the future job market is going while providing and overall summary.
#mro #mistero #teachers ...more
Kamal Imani • 106 Views • March 22nd, 2023 |
Popular Blogs
 |
Divorce in America in 2009 – What’s love got to do, got to do with it?
Join Brother Marcus and the cast and the crew of the Brother Marcus Show live this Sunday evening on February 1, 2009 @ 8:00 p.m. for another hot topic in our community! “Divorce in America in 2009 ...more
Brother Marcus! • 70,557,900 Views • January 27th, 2009 |
 |
VISINE ALERT!!!Seemingly innocent medication such as Visine eyedrops are used by people to concoct a mixture with similar effects as a date-rape drug.
When mixed with alcohol and taken orally, the eyedrops can l ...more
Siebra Muhammad • 95,687 Views • May 23rd, 2009 |
 |
THE MOST FAMOUS WORDS IN NASCAR RACING IS NOW "GOTCHA" THIEF !IT'S PRETTY OBVIOUS FOLKS: Some of our Republican senators and congressman..are Swearing & Wearing White Sheets Also ..NASCAR was given 70million dollars in tax breaks ..in the New Fiscal Cliff Deal ...more
David Right • 47,311 Views • December 28th, 2012 |
 |
"Chain Hang Low" check out the real meaning of the Lyrics!Recently there is a new artist out of Saint Louis that goes by the name JIBBS. Jibbs debut single "Chain hang low" has a history that most people are not aware of. The particular nursery rhyme that th ...more
Tyhesha Judge-Fogle • 39,249 Views • November 9th, 2006 |
