Saving for your kids’ college education isn’t easy, but you can probably save a lot more than you think. Here are seven important things to know to start squirreling away and investing money in a smart way, including how to save in a 529 investment plan.
1. Save as much as you can for college; it won’t hurt you as much as you might think when it comes to getting financial aid.
2. Prioritize saving for your own retirement ahead of saving for your kids’ college — but still, save for both.
3. Start saving something — even if you can’t save the full amount.
“I am constantly trying to communicate something incommunicable, to explain something inexplicable, to tell about something I only feel in my bones and which can only be experienced in those bones. Basically it is nothing other than this fear we have so often talked about, but fear spread to everything, fear of the greatest as of the smallest, fear, paralyzing fear of pronouncing a word, although this fear may not only be fear but also a longing for something greater than all that is fearful.”
— Franz Kafka, Letters to Milena (via philosophybits)
