If you have children, chances are that providing a college education for them is high on your list of goals. With the cost of tuition, fees, room and board for four years at a private university averaging $108,000 and state school costs averaging $42,000 for four years, it’s no wonder parents are in a cold sweat. Fortunately, a smart savings strategy and a little help from Uncle Sam can make it possible for almost anyone to get the college education they deserve.
|If you went to college, how did you pay for your education? How did your parents plan for your college education?|
|Things to Talk About|
|The best thing you can do is to start saving while your child is still in diapers. The earlier you begin socking away cash, the more opportunity your money has to grow through compounding. Even if you don’t implement your investment strategy until your kids are in high school, you can make great strides toward meeting your savings goal-you’ll just have to cut back in other areas and put every spare cent into your college fund.Pick the question your Club finds most interesting. If there’s still time, pick another one — or make up your own!
|Catch Yourself Doing Something Right|
|Share your success with your fellow Club members:
|What Will You Do Today?|
|Choose one Small Step to do before next meeting, and pledge to the group to do it. To select that 15-minute exercise, ask yourself these questions:
Don’t drive yourself crazy. Remember, you can do anything for 15 minutes! For example:
You get the picture. This is like Goldilocks. Don’t try to do too much. Don’t try to do too little. Do it just right.
|Money Attraction Affirmations|
|Choose one affirmation to motivate you to achieve your goals, something like:
|The Money Zone for Next Meeting|
|Cast your vote: Does your Money Club want to stay in this Money Zone, or do you want to move on to the next Money Zone?If your group decides to Stay in the Zone then, future Money Star, check out these fun articles so you can discuss them at your next meeting. Even if your group decides to move to the next Zone, you still can explore these on your own.Searching the Scholarship Database
Heading Back to School
Account Ownership: In Whose Name to Save?
|Just For You|
|Before the next Money Club meeting, do the Just for You Exercise calledCalculating the Costs.Don’t skip a meeting if you don’t get this done. Half of life is showing up, Money Clubs included. You can tell the group you didn’t get it done, and they will encourage you (not bug you) to make a date to do it soon.Discussion questions for your club meeting: