College Savings for the Future // Country Financial

Do you ever look back at high school and think, “I wish they would have taught a class about debt and finances.”  BECAUSE I DO.  You can argue that it’s a parent’s responsibility to teach their children but I know so many people who were never properly educated on how debt works.  I constantly hear about my friends having to pay off student loans and how they take out multiple credit cards to pay other expenses so a huge portion of their paycheck can go to their student loan debt.  I on the other hand didn’t even own a credit card until five years ago.  I am still building my credit so we can be approved for a loan on a house and I really wish I would have known how important credit was when I was younger.  Especially good credit.

I am very fortunate that my dad worked his whole life to make sure his children would never have to worry about paying for college but this also means that I don’t have the best concept of money and savings on a large scale. My husband is the exact opposite.  He is still paying off his student loans and is amazing at budgeting and saving.  So now that we have a child of our own we are in this fun world of compromise.  We know that we want our son to go to college and we don’t want him to have to worry about being burdened with paying off student loans after he graduates and possibly going into credit card debt.  We also know we don’t want to have to take out a loan in the future to pay for his college, so it only makes sense for us to start savings for his college education now so we don’t run into any of these issues in the future. 

Now imagine how fun it is for me to Google about these things because I still don’t understand them, but that doesn’t mean I don’t want to.  I’m slowly learning and will definitely need my hubby to explain in depth more since I did not take out a student loan but currently I am browsing Country Financial www.countryfinancial.com/simplesteps  Baby steps, for me, for my son’s future.