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?
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.
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.
The 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.
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?
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.