How to Save Money for Your Kids’ Future
You know you’re supposed to be saving money for your kids’ future. But, with everything else you have to pay for, from day-to-day expenses to saving for retirement, saving can feel like a lot. Trust me – I’ve been there. There were several years where my husband and I didn’t save for our daughter’s education because money was so tight. And while taking a break from saving can help get you through a tight spot, you don’t want to do that for long. After all, according to the Department of Education, the average student loan balance per borrower in 2024 was almost $38,000. If we save money regularly during our child’s adolescence, we can do a lot to offset that debt for our kids.