Pre-Planning For College Tuition

I just got to listen to all three of my daughters tell me about the first day of school for my grandkids, how exciting.? I remember the first day we took each one of them to college, and let me tell you, it was a very emotional day.? We moved them in, got all the supplies, went back and forth to the store, and I didn't even think about the cost at the time. We were just doing it and then all of a sudden, we needed more money for this or that.??

Today, college costs have increased dramatically and inflation has taken off.? The budget that you used last year, for everything that you spent for the kids, is a lot higher this year. You might wonder, how is this ever going to change?? What am I going to do? You might feel like you’re just spending and spending and spending and you feel out of control.?

What we help people to do is to create a design strategy to help you feel in control, and get an idea of what you're spending and how you're using the money to do that.?

College makes us really stop and think - the expenses of raising our children haven’t stopped, they have actually gotten larger. You might be helping your children out with paying for college, or they might be getting student loans or borrowing money, however you or your children decide to pay for college, the suggestion here is to also have your plan looked at with a professional.? A financial college planner can help you strategize, so in the end you feel good about it.?

At graduation, you can celebrate the college years and you hopefully will not owe a boat load of money.? May your children receive scholarships, loans or you gave them some of your money - whatever the situation, the goal is to be happy about the decision and not make decisions that cost too much money and you end up feeling broke.??

These are very important decisions and it takes sitting down with someone who can help you see the bigger picture.? Four years of college is going to go by fast and before you know it, they'll be married and giving you grandchildren and you'll be on your way to your retirement.?

No matter where you are now, you need to sit down and have a conversation, so you have a plan for next year, the year after, or possibly even five or 10 years from now.? Your children might be in elementary, high school, college or maybe they are done with college, and you may be realizing that you have to make some changes in your life to be able to find a date that feels comfortable letting your money work for you in retirement.

It's all about letting your money work for you and being happy and feeling good about the decisions you made. That is how I help my clients, by creating a design strategy that gets them to a place where they see, evaluate, strategize and know what's coming next when it comes to their financial life.

Schedule a call at https://go.oncehub.com/GinaWells!? You will be glad you did!

Investment Advisory Services offered through Retirement Wealth Advisors, Inc. (RWA) an SEC Registered Investment Advisor.? Gina Wells, Advanced Capital Group d/b/a Financial Design Strategies, Brookstone Capital? and RWA are not affiliated. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision.