| Set Goals |
| To begin an effective savings plan, answer the following questions. |
| Question |
Answer |
What type of college is my child likely to attend?
- Public or private university or college
- Community or junior college
|
|
| Am I determined to send my child to a specific college?
If so, which one? |
|
| Do I plan to fund postgraduate study for my child? |
|
Do I expect my child to help pay for college costs?
If so, what percentage or amount? |
|
| How many years do I have to save before my child attends college? |
|
Can I jump-start college savings with a large start-up sum?
If so, how much? |
|
| How much can I afford to set aside each month? |
|
| Will I need college funds for more than one child? |
|
Basic Money Management
Basic Money Management
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