Why Saving for Retirement Is More Important Than Saving for College

If you don't have enough money to save for both retirement and college, check out these 5 reasons why it's more important to save for retirement than college.

Many of us don’t have the money to put away for both retirement and college expenses for our kids. You can choose to put a little in each account or you can choose one account to fund.

The truth is your money should be placed into a retirement account rather than a college savings account if you don’t have enough to save for both. Saving for retirement rather than saving for your children’s college educations doesn’t make you a bad parent. Let’s take a closer look at why saving for retirement is more important than saving for college.

Your Kids May Not Want to Go to College

You may have hopes and dreams of your children wanting to go to college. However, your children may have ideas of their own. They may want to start their own business fresh out of high school or become an author or a number of other things that don’t require a college education. To have stopped saving for retirement only to find out that your kids don’t want to go to college can be frustrating.

Your Children Have Options

Here’s the thing. Your children have so many options for paying for their college tuition and expenses. You don’t have any options for paying for your retirement other than saving for it yourself. Your kids can get financial aid, take out student loans, work their way through college, etc. No one is going to come through and magically fund your retirement.

You’ll Miss Out on Growth

At a 6% growth rate, $20,000 will grow to $38,000 in 10 years and $64,000 in 20 years. Putting that $20,000 into retirement only makes sense. You’re doing something for yourself. You’re going to be raising your children and caring for them for at least 18 years. Doing something for your future isn’t the least bit selfish.

Retirement Years Are Growing

Things are much different than they were for our grandparents or great grandparents. People are living much longer and this means you’ll need more money for retirement. Don’t you want to live out your retirement years comfortably? Don’t you want to be able to afford the care you may need in your retirement years? Do you really want to work past the age of retirement? Then put your extra money into a retirement plan.

Many Companies Match Your 401k Contribution

Last, but not least, many companies will match a certain percentage of the money you put into your 401k plan. In other words, you’re getting FREE money. Why would you pass on that?

You may feel that it’s your job as a parent to pay for your children’s education, but it’s not. Your children will have many options. Do something for yourself and put your money towards retirement.

Cheap Kindle Book: Dance with Me for $0.99

Right now, you can download Dance with Me Kindle book written by Staci Stallings for only $0.99 from Amazon.

Please note: Kindle prices tend to change quickly, so be sure to check that the total still says $0.99 before you “purchase” it.  If you do accidentally purchase a Kindle book after the price has increased, you do have a short amount of time to request a refund from Amazon.

About the book:

Kaci MacLaren’s ballet dreams came crashing down in one catastrophic moment.

For three years, Kaci has steadfastly guarded her heart to keep it from thinking she will ever dance again, somehow pushing what she really wants under what she needs to do to be successful in life. Then a chance walk down a side street ignites the fire to dance once again. Can Kaci keep her passion reined in, especially when the studio owner’s son seems determined to drag it out of her no matter what she tries to keep it under wraps?

Josh Garrison hates to dance. He has ever since he was made fun of for it ten years ago. But Josh is in dire straits financially, and if he has to dance to make life work, maybe he has no real choice. Unfortunately, his partner in this venture is a headstrong, obstinate former prima ballerina who loves to dance but absolutely refuses to let herself love it. She want to focus on steps and technique when his spirit has always wanted only to soar on the dance floor. Can two polar opposites in life find common ground when they hit the dance floor together?

You don’t need to have an actual Kindle to read the FREE Kindle books (although the price has dropped to only $49 for the cheapest Kindle Reader).  You can read Kindle books on your computer, iPhone, computer, 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 Kindle freebies, you can check out the current FREE Kindle books.

FREE Kindle Book: Breathe (The Homeward Trilogy Book 1)

Right now, you can download Breathe (The Homeward Trilogy Book 1) Kindle book written by Lisa T. Bergen for FREE from Amazon.

About the book:

Embark on this western epic in Book One of the Homeward Trilogy.

It’s Colorado, 1883. A publishing heiress is on the brink of life and death. Her beautiful younger sister is called to the forbidden stage. Her brother and troubled guardian is raging inside. A veiled treasure map leads to a hidden silver mine while a threatening villain hovers in the shadows. And a hero is bent on saving his bride.

Just BREATHE.

Please note: Kindle prices tend to change quickly, so be sure to check that the total still says $0.00 before you “purchase” it.  If you do accidentally purchase a Kindle book after the price has increased, you do have a short amount of time to request a refund from Amazon.

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: $0.75/1 Softsoap Brand Body Wash + CVS Deal

There’s a new printable coupon available for $0.75/1 Softsoap Brand body wash that you should print now to get a good deal at CVS next week (week of 3/1) after coupon and Extra Care Bucks.

Deals available this week using the coupon include:

CVS:

Buy (2) Softsoap Body Wash (15 to 18 oz.), $3.49
Get (2) $1.75 Extra Care Bucks (Limit 4)

Use (2) $0.75/1 Softsoap Brand body wash printable coupon
$2/2 Softsoap Body Wash CVS Coupon (for select shoppers)
Total after Stacked Coupons and ECB’s: (2) FREE

Even if you don’t have the CVS coupon, you can get them for only $0.99 each after coupon and Extra Care Bucks.

Thanks Living Rich with Coupons!

Additional printable coupons available include:

$0.75 off (2) Yoplait Go-GURT Yogurt
$1.50 off one Udi’s Gluten Free
$0.55 off 1 Sargento String or Stick Cheese Snack
$0.55 off one Butterball Smoked Dinner Sausage
$0.75 off one Pine-Sol
$1.00 off any 2 Clorox
$1.25 off one Clorox
$0.65 off one Fraganzia
$0.50 off one Sure Antiperspirant
$0.50 off one Brut Fragrance
$4.00 off one Muse Cat Food
Buy any 3 Muse Cat Food, get 1 free
$0.50 off one Clorox Pet Urine Remover
SAVE $1.59 when you buy THREE (3) TRIDENT Gum Single Packs (any variety)

For additional printable coupons, you can see the entire list at Coupons.com, CouponNetwork, Smart Source,or Red Plum or search for coupons in my Coupon Database.  Plus, check out the daily featured printable coupons with deals.

If you’re interested in online coupons, you can search my Online Coupon Code database.

V8 +Energy Pomegranate Blueberry (24 pack): $11.14 + FREE Shipping

Right now, you can order V8 +Energy Pomegranate Blueberry (24 pack) for only $11.14 ($0.46 each) after the 5% Subscribe & Save discount and 25% off eCoupon.  Plus get FREE shipping on your order. Here's how it works: Visit Amazon to get V8 +Energy Pomegranate Blueberry (24 pack) - sale … [Continue reading...]

ALEX Toys My First Sewing Kit: $9.79 (72% off)

For a limited time, you can buy the ALEX Toys My First Sewing Kit for only $9.79 (72% off). Get FREE Super Saver shipping on orders of $35 or more (or with Amazon Prime). This is the lowest price this set has been listed on Amazon. About the Sewing Kit: Foster creativity and skills that can … [Continue reading...]

Shutterfly: $10 off Orders of $10 or more

Through Thursday (3/30), ALL Shutterfly customers can take $10 off at checkout when you make a purchase of $10 or more and use coupon code ENJOY10OFF. This is a great chance to save on a custom photo projects or photo books. How it Works: Register for a Shutterfly account (or login to your … [Continue reading...]


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