Getting a college education gets more expensive every year, which makes the thought of paying for your kids to attend a university a daunting one. For many people, having a college degree is the first step toward getting the job they want and building a solid financial future.
Many parents start saving for their children’s educations as soon as they’re born or when their kids are still young. Doing so allows you to sock away a little bit of money at a time and take advantage of mechanisms like compound interest to maximize your savings.
But it can be challenging to know where to start when it comes to saving for college.
Read the full article in the Finances FYI section of The Seattle Times, sponsored by 1st Security Bank.