The Easy Way to Save for College

Over eight years ago my son made me a mama for the first time, and four years later his sister joined the party. We’ll be closing in on a decade together as a family soon, and I feel like I brought them into the world just yesterday. Being that this time has gone by in the flashiest of flashes, I know that I’ll be leaving them at their college dorm in no time. I mean my youngest is actually starting her school career next year. Kindergarten already? Yikes! Ever since I had a conference with her pre-school teacher about her Kindergarten readiness, the relative immediacy of college has really hit me. Have I saved enough for their education yet? Is the answer to that question ever yes? Unless you have a strict budget set up, it sometimes can be hard to remember to make sure that money gets into the savings account each month. Wouldn’t it be nice if there was an easier way? Well, thanks to NY 529 Direct, there is! So, let’s talk about how to save for college…

how to save for college

The Easy Way to Save for College

With the NY 529 Direct savings plan, parents can start a savings account for their kids’ college with automatic payments that come out each month without fail. No more worrying about whether you’re saving enough, the money is automatically deducted from your account and put in your kiddo’s 529. You don’t even have to think about it. In fact, you don’t even have to be the parent to start one for a child. 529 savings plans, which are typically sponsored by your state, can be started by anyone including a grandparent, family friend, you name it! And if they want to contribute to the one you’ve started, that’s okay too. You can simply send them a Ugift code. How cool is that? Now, wouldn’t you rather have money going into a fund for your kids’ higher education versus see more toys pile up in your house? This girl sure would! With an investment account like this, I can spend more time making precious memories with my kids, not stressing about their futures. Carefree days at the park, here we come! Forget the toys, we’re going to experience LIFE!

save for college

Say Goodbye to College Savings Stress

So, are you too ready to learn more about how you can save money for college? A savings tool can help you set up your savings goals! Still have questions? You can find out even more information on 529 savings plans HERE. Now all you have to do is start that 529 plan with as little as $25. Did I mention that there is a tax deduction available? How does up to $10,000 deductible annually from New York State taxable income for married couples filing jointly, and up to $5,000 annually for single taxpayers sound? What more motivation do you need? Haha! Go forth and save my fellow ‘rents! NY 529 Direct has you covered! Don’t let the thought of what college is going to cost when your kids get there bring you to your knees. Be proactive and take control. Save for college the easy way!

Connect with NY 529 Direct over at their website, TwitterYouTube, and Facebook.

Compensation was provided by NY 529 Direct. The opinions expressed herein are those of the author and are not indicative of the opinions of NY 529 Direct.

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  • Robin Rue

    I have some money saved for my kids college, but not enough. I need to sit down and REALLY make a good plan.

  • Marcie in Mommyland

    College is just going to get more and more expensive so it’s great that you are thinking about how to pay for it now. I hope there will be more public funding for education.

  • Lydia

    I am not planning on going to HS (current Junior!) but I love that you’re saving for your kids right now before they get into middle/high school.

  • It’s so great to save early! Down here we have a Florida Pre-paid college fund. Basically you buy it at the current tuition rate, and they have a bunch of packages for 4 year, 2 year, all state schools though. You pay monthly and it locks in the tuition rate so when the kids go it its totally covered.

  • Amanda Love

    There’s nothing more important than a bright future for the kids. I think this is a really great idea especially since you can also urge family to contribute instead of spending their money on toys that will eventually be ignored.

  • We used a direct savings program from our state to save for our daughter’s college. It is a great way to save.

  • Catherine M.

    We started college savings accounts when both of my kids were born and try to put away money for them when we can. But, as a military family we don’t make much money, so saving for college is hard. I like that with the 529 even grandparents donate to the college fund easily.

  • Reesa Lewandowski

    Both of my kids have savings accounts that we direct deposit money to from each paycheck. I really need to look into switching them to a 529 account because this seems like a much better option!

  • TheMummyToolbox

    We have set up a savings account for our little guy, he’s just turned 5 haha to make things more affordable! education is expensive :p

  • Janel Berchielli

    I’ve set away money each month for my kids which I intend to give to them after age 18. It isn’t necessarily for college but I do hope they use it in a responsible way. So far one child has and I hope the other one will.

  • Jeanine @ sixtimemommy.com

    This is great! We have savings account for all 7 of our kids and have been chipping away at putting money in them since my kiddos were born!

  • Brandi Puga

    Saving for college is hard, and with 5 kids, though I have started savings accounts for each of them, they will have to help themselves out a lot!

  • Adrienne Carter

    We are on the Dave Ramsey plan and he has some great ideas about college savings. Interesting read! WE don’t have kids yet but are always thinking about the future. Thanks for sharing.

  • It’s so important to start early and to get your kids involved!

  • Melissa Chapman

    Luckily like you I started saving when my kids were young and now my first is 2 years away. Keep plugging away.

  • OurMiniFamily

    My parents did not save ANY money for my college education and I am paying for it myself entirely–one month at a time for essentially the rest of my life. I have a lot of respect for parents who make the effort to save for their childrens education!