6 Tips to Save Money for College Now

6-Tips-to-Save-Money-for-College-Now

College tuition rates have been increasing at rates that outpace inflation. Almost 20 years ago, I graduated from a small, private, liberal arts college. Back then, tuition was about $10,000 per year and room and board added another $5,000 per year. Even back then, that was more money than my parents wanted to spend, so I was thankful that I earned a full tuition scholarship. Recently, I checked tuition rates for my school, and I was shocked to see that tuition has increased to about $30,000 per year with an additional $10,000 for room and board.

While we will likely not be able to save enough money for my boys to go to my alma mater without scholarships, those numbers continue to motivate us to save money for our boys tuition. While I don’t want them to feel entitled, I do want to try to help them start out life with huge student loan debt.

Here are some of my favorite tips on how to save money for college now:

  • Start early – If possible, begin saving now (if you haven’t already).  You want to have as much time as possible for your earnings to grow over the years.  Reinvest any earnings, and your savings will continue to compound and grow on its own.  It’s best to start saving as soon as your child is born (if not before).
  • Save something – Even if you don’t have much wiggle room in your budget, try to save at least something.  Can you cut a few luxury items and put away $10 or $25 a month?
  • Make Automatic Payments – It’s easiest to save if you don’t even have to think about it.  Set up an automatic savings plan where the money is automatically pulled from your account each month.  You won’t have to spend the mental energy deciding whether to invest or not, and it’s likely you won’t even miss the money.
  • Don’t compromise your retirement savings with college savings –  No one will give you a loan to retire, so make sure you are saving enough for retirement first before you start saving for college. College savings is important, but not more important than living after retirement.
  • Put your savings in a Tax-Free Account – Your money will grow much faster if you don’t have to pay income tax on any earnings, so invest in a 529 college savings plan (or Roth IRA).  If your state has a good 529 plan, you may even be able to deduct any contributions from your income for state income tax.  Plus, you don’t have to pay taxes on withdrawals as long as they are used towards qualified educational expenses.
  • Save college money for free with Upromise – We’ve had a Upromise account since before my oldest was even born, and we’ve been able to save over $3,000 through our account. It’s free to join, and you can earn money through cash-back shopping, cash earned with the Upromise Mastercard, and you can even enlist friends and family to link their accounts to your child and help you earn.

What about you?  Have you been saving for college?  Do you have any additional tips?

Printable Coupon: $2/2 Arm & Hammer Laundry Detergent Paks + Target Deal

Arm-and-Hammer-Power-Paks-32ct

There’s a new printable coupon available for $2/2 Arm & Hammer Laundry Detergent Paks as well as a deal at Target after stacked coupons and gift card deal.

Deals available this week using the coupon include:

Walmart:

Arm & Hammer Power Packs (32 ct.), $4.97
Use $2/2 Arm & Hammer Laundry Detergent Paks printable coupon
Total after Coupon: $3.97 ea. wyb 2 ($0.06/load)

For additional printable coupons, check out Coupons.com, Red Plum, and Smart Source.  Plus, you can search for all available coupons in my Coupon Database.

Diaper Deals – week of 7/26/15

Best-Diaper-Deals

Although prices on diapers are steadily rising, it is still possible to find good deals on diapers.

Amazon is my favorite source for diaper deals, since you can buy them with the click of a button and they are delivered to your door. However, the drugstores and grocery stores also have diaper deals available.

Best In-Store Prices of the Week

Huggies – Walgreens and Target

Walgreens

Huggies Jumbo Pack Diapers (18-38 ct.), B1G1 50% off ($11.99)
Get $5 Register Rewards wyb $25 select Products

Use (2) $4/2 Huggies Little Snugglers Diapers printable OR
Use (4) $2/1 Huggies Little Snugglers, Little Movers or Overnites Diapers, exp. 8/8/15 (SS 07/12/15)
$2 off Huggies Diaper Ibotta rebate
Total after Coupons, RR, and Ibotta Rebate: $5.24 ea.

Target

Buy (2) Huggies Super Pack Diapers, $24.99
Get $10 Target Gift Card wyb 2

Use $4/2 Huggies Little Snugglers Diapers printable OR
Use (2) $2/1 Huggies Little Snugglers, Little Movers or Overnites Diapers, exp. 8/8/15 (SS 07/12/15)
Use $1.50/1 Huggies Boxed Diapers Baby Mobile Target Coupon (text BABY4 to 827438) exp. 8/12
Total after Stacked Coupons and Gift Card: $17.24 ea.

Pampers – Target

Buy (2) Pampers Super Pack Diapers, $24.99
Get $10 Target Gift Card wyb 2
Use (2) $3 off Pampers Diapers or Pants, exp. 8/2/15 (P&G 07/05/15) [(2) bags or (1) box; ETS; Limit 4] OR
Use (2) $1.50/1 Pampers Baby Dry Diapers Printable [ETS]
Total after Coupons and Gift Card: As low as $16.99 ea.

 

Best Online Diaper Prices

I have listed the prices in size 3, but you can still choose different sizes and quantities once you click through to Amazon’s site.

Please note: Amazon prices tend to change quickly, so the price of this product may be more or less than the price stated when you check.

Here are some current Amazon deals – prices after 20% S&S and Amazon Mom discounts (everyone else gets 5% off)

FREE Kindle Book: Best Day Ever

Best-Day-Ever

Right now, you can download Best Day Ever Kindle book written by Jenn Faulk for FREE from Amazon.

About the book:

Chloe Thibideaux is running out of options. College didn’t work out. Her parents took away all of her credit cards. And her social life? Yeah, that fell completely apart through no fault of her own. Homeless, alone, and in serious need of some retail therapy, she’s forced to beg her brother, Beau, and his wife, Melissa, to let her stay with them until she can figure out what she’s going to do with the rest of her life.

As she discovers abilities, talents, and dreams she never knew she had before, she begins to learn about who she is and who she can be in Christ. With the help of her new community of friends, which includes the “smokin’ hot” Pastor Stephen, Chloe is becoming someone completely new… but will her past keep her from all that God has in store for her?

Please note: Kindle prices tend to change quickly, so be sure to check that the total still says $0.00 before you “purchase” it.

You don’t need to have an actual Kindle to read the FREE Kindle books (although the price has dropped to only $69 for the cheapest Kindle Reader).  You can read Kindle books on your computer, iPhone, iPad, and more.

Between the FREE books from Amazon and Kindle books I’ve checked out from the library, I’ve been having so much fun reading on my iPad.  I really thought I wouldn’t like not having a physical book, but I love it.

If you’re interested in additional Kindle freebies, you can check out the current FREE Kindle books.

Printable Coupon: $1.50/2 Eight O’Clock Coffee + Walmart Deal

Eight-OClock-Coffee

There's a new printable coupon available for $1.50/2 Eight O'Clock Coffee (11 oz. or larger) that you can use at Walmart to get a good deal after coupon. Deals available this week using the coupon include: Walmart: Eight O'Clock Coffee, $4.98 $1.50/2 Eight O'Clock Coffee (11 oz. or larger) … [Continue reading...]

Hefty Extra Strong Drawstring Trash Bags (30 gallon 56 ct.): $9.71 + FREE Shipping

Hefty-Extra-Strong-Garbage-Bags

Right now, get Hefty Extra Strong Drawstring Trash Bags (30 gallon 56 ct.) for only $9.71 after the 5% Subscribe & Save discount and 30% off eCoupon.  Plus get FREE shipping on your order. In comparison, these are listed for $14.94 at Walmart. Here's how it works: Visit Amazon to … [Continue reading...]

McCafé French Roast K-Cup Packs (12 ct.): $5.46 + FREE Shipping

McCafe-French-Roast-K-cups

Right now, you can order McCafé French Roast K-Cup Packs (12 ct.) for only $5.46 ($0.45/k-cup) after the 5% Subscribe & Save discount and 20% off eCoupon.  Plus get FREE shipping on your order. Here's how it works: Visit Amazon to get McCafé French Roast K-Cup Packs (12 ct.) - sale price … [Continue reading...]


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