Only 29% of parents describe themselves as excellent financial role models. 58% are saving less today for their children's future than 2 years ago. 31% have withdrawn from college savings accounts to pay current bills. This is a sad effect of current financial situations.
If you are one of these parents, don't dispare. Saving for future education is great if you have the resources. Otherwise, the "pay as you go" plan has worked for millions of people over the years. Somehow parents have found the cash flow to pay for education, weddings and other expenses as the need arises. While not the preferred method, this form of payment assesses the current opportunities with current cash availability. Necessity can assist in finding grants, scholarships and loans when needed.
As always, if you need assistance in budgeting and planning for future occurrences, please call or email. We are here to help.
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