How to Instill a Spirit of Saving in Children

As parents, we understand the value of saving. We also know that the earlier one begins to stash money away, the better off one will be in the long run. Teaching children financial literacy concepts and encouraging them to save early is key. How, then, do we instill a spirit of saving in our children? I’ll share a few ideas that have helped my children learn—and get excited—about saving.

At the dawn of the New Year, many parents resolved to make 2019 the year they kick their college savings into gear. Some parents hesitate to save, however, assuming their savings will cost them financial aid. Is this a correct assumption to make? Former St. Olaf College financial aid officer, Kathy Ruby, tells us in the latest installment of our video series, Ask the College Finance Expert, when she answers the question, “Will Saving for College Cost Me Financial Aid?”

Airing on November 1^st, the latest episode of Getting In: A College Coach Conversation congratulates those seniors who submitted applications for an early round deadline! Pressing “submit” on that first application is almost as exciting as receiving the first offer of admission! Host Elizabeth Heaton and her guests cover the following topics in their conversation this week: reducing stress and mindfulness during the application process, using life insurance as a college savings vehicle, and how to handle disciplinary infractions on your applications.

On the latest episode of Getting In: A College Coach Conversation, guest host Ian Fisher discusses intriguing first-year abroad programs for college freshmen and tackles loads of listener questions regarding SAT scores, student loans, the AP Capstone program, and recommendation letters.

Divorce is never easy, and paying for college is no cake walk either. Combine these two situations and things can get very complicated very quickly. If you are experiencing a separation and/or a divorce, we thought it would be helpful to give you some tips on how you might approach this major financial decision, what the rules are in the financial aid process, and, finally, how your situation affects various aspects of college financing once your child enrolls in college. Given the complexity of the topic, this will be a two-part series. In Part One, we’ll discuss your first steps and the financial aid application process.

So let’s get started!

On the latest episode of Getting In: A College Coach Conversation, host Elizabeth Heaton continued our new series on summer opportunities for high school students. This installment was dedicated to opportunities for the high school writer. In addition, Beth invited guests to talk about the differences between 529 college savings and prepaid tuition plans, and to explore the admission process at Fordham University. Listen to the complete show on VoiceAmerica or wherever you get your podcasts.

‘Tis the season—for holiday parties, shopping, and preparations. But for high school seniors, it’s also the season for finishing up their college applications. And with that in mind, the latest episode of Getting In: A College Coach Conversation has some help for those students working on the Columbia University application. Host Beth Heaton covers that topic, as well as soliciting some great advice on the role that leadership plays in an MBA application and also some guidance for parents getting a late start on saving for college.

Guest Post by Kathryn Flynn, Content Director, Savingforcollege.com 

For most families, college is one of the biggest expenses they will ever face. If prices continue to rise at the current pace, it will cost over $300,000 to attend a four-year private university in 18 years. One of the best ways to prepare is to start saving as early as possible in a 529 college savings plan. 529 plans are designed to help save for college by offering federal tax-free compounding, and in some cases, additional state tax breaks. 

If you are an international student or parent, or anyone who wants to cut costs in college, you won’t want to miss last week’s episode of Getting In: A College Coach Conversation. Guest host Sally Ganga had experts on hand to talk about the many aspects of college admissions and enrollment for international students, and she welcomed a recent and gainfully employed college graduate, who shared some fantastic college cost-saving advice with our listeners.

Our latest episode of Getting In: A College Coach Conversation was guest hosted once again by college consultant Ian Fisher. In this episode, Ian brought back two beloved segments—Inside the Admissions Office, a peek behind the closed doors of one institution’s admissions office, and Office Hours, a deep dive into listener questions on college finance and admissions.