Skip to Content

Teaching Kids about Saving for College

screen-shot-2016-11-15-at-7-24-03-pm

Have you started thinking about saving for college yet? It’s never too early. My husband and I started saving on the later side so we’re putting aside more these days to be ready when our son heads to college in less than 5 years. I can’t believe it. It all goes by so fast. How did that little guy on the left turn into that big kid on the right in just a blink of an eye?

growupfast

Teaching Kids about Saving for College

The folks at Fidelity have teamed up with the Massachusetts Education Financial Authority (mefa) to educate families about saving for college and the mefa U.FUND 529 plan. We recently visited an information booth as part of the U.FUND Dreams Tour hosted at the Stone Zoo in Stoneham, MA. It was for the “Boo at the Zoo” event.

screen-shot-2016-11-15-at-7-27-08-pm

screen-shot-2016-11-15-at-7-27-20-pm

I took my daughter to the event and we admired all of the adorable children dressed for Halloween. As we approached the Fidelity booth, my daughter said, “aren’t these kids too young to save for college?” She soon learned that starting early is a great way to make sure that kids have the funding they need.

screen-shot-2016-11-15-at-7-27-38-pmThe U.Fund Dreams Tour booth was inviting and interactive. Friendly people encouraged families to step up and engage in the topic of college planning. Smaller children played a sheep launcher game. A little slingshot sent stuffed, Velcro sheep toward the moon encouraging them to aim for the stars as they dream about the future.

For older kids and parents, there were tablet stations and a digital version of the sheep game. The virtual sheep launcher shows you how close you are to reaching the moon (the ideal financial goal). This U.Fund Savings Slinger is live on the U.Fund page. Definitely check it out. It’s kind of addicting, which is a good thing if it gets you and your children in the mindset to save for college.

screen-shot-2016-11-15-at-7-22-29-pm

While the U.Fund Dreams tour has come to an end this year, keep an eye out for the 2017 dates on the mefa website.

Have you discussed saving for college with your kids? Have you considered a 529 plan?

screen-shot-2016-10-27-at-5-16-45-pm

I’ve partnered with Fidelity & MEFA for this post in support of the U.Fund Dreams Tour. As always, all thoughts and opinions are my own.

Sharing is caring!

Christina Aliperti

Sunday 20th of November 2016

I think the earlier they learn this the better. College is an expense that can be easier managed if you are prepared way ahead of time.

Jenny

Sunday 20th of November 2016

Saving for college is never too early of a task.

Chubskulit Rose

Sunday 20th of November 2016

It's never too early too teach our children to save for their college education. We started our two kids early on and glad that we did. Great tips.

Lori Vachon

Friday 18th of November 2016

We have 4 kids that are in college or have graduated from college, trust me it is never too early to start. Before we know it our youngest 2 will be off to college and let me tell you every bit of advance savings helps tremendously.

Rebecca Swenor

Friday 18th of November 2016

U.FUND Dreams Tour sounds like it was a great way to teach kids to save early for college. I believe that parents need to teach there children at a very young to save money. Saving for college is not just for parents. Thanks for sharing the information.

Comments are closed.

This site uses Antispam to reduce spam. Learn how your comment data is processed.