Start early. Start saving what you can at birth. Little monthly or annual savings really add up over 18 years.
Make it automatic. Consider automating checking account or payroll deductions to interest-earning savings accounts specifically designed for higher education, such as a 529 savings plan.
Encourage monetary gifts (including 529 plan gift cards) from family members and friends for college savings plans for gift-giving events. Prior to your child's birthday and holidays, remind loved ones that the best gift they can give is the gift of a strong future.
Know how much you need to save. Determine how much you need to save using free online tools such as MassMutual's college savings calculator.
Protect your loved ones for unexpected events. In addition to saving for school, life and disability income insurance are solid considerations for parents with children.
Source: MassMutual
Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com