Can you believe it’s mid-August already? Where did the summer go? It seems like yesterday I enjoyed my daughter’s preschool graduation and now I’m getting ready to send her off to the big leagues (and in my mind, that’s Kindergarten).
When I became a dad, my parents always told me that the days are long, but the years are short. I had no clue what that meant at the time, but I certainly do now. In a blink of an eye, I was rocking my daughter to sleep and now she’s an elementary school kid. Her baby sister is now going to take her spot at the preschool she just graduated from. It’s absolutely insane how fast time goes by.
But as I find myself gathering school supplies and gearing up for back to school shopping, I realized something — before I know it, I’ll be preparing my daughters for college in an August in the not-so-distant future.
And when it comes to college, “being prepared” means a lot more than buying our kids trendy outfits and the newest smartphones. It starts way before they even set foot on campus by putting away some money for their futures. Luckily, it’s a very easy process by setting up a 529 investment plan.
What is a 529 investment plan, you ask? Basically it’s a tax-free college tuition plan that you can set up for your kiddos to use for qualified expenses.
Yes, when we look at college tuition prices it’s normal to get a little nervous, but saving for college doesn’t have to be overwhelming. For example, I opened a ScholarShare 529 account for my daughters for a just $50 in total. Think about it — a night at the movies with a family of four would cost more than opening up a 529 plan. And it only takes about 15 minutes of time to set up. It’s absolutely worth it if you ask me.
As I find myself shopping for cute backpacks and clothes for my girls, I can take pride in knowing that I’m doing my part to secure their futures. Oftentimes I talk to parents who find themselves so engrossed in the daily parenting routine that they forget to start saving for their kids’ futures while they’re young. Please don’t make that mistake.
The reality for many of us is we don’t have many more “back to school” seasons left before our kids venture off to college. As a dad, I may not be ready emotionally when I drop them off in their dorm rooms for the first time, but I know that my ScholarShare 529 plan will have me prepared in other important ways.
This post is sponsored by ScholarShare, but all opinions are my own.