9 Ways to Save for Your Child’s Education | America Saves (2024)

9 Ways to Save for Your Child’s Education | America Saves (1)

Emergency fund

Nearly a quarter of savers who take theAmerica Saves pledgechose “emergency savings” as their first wealth-building goal. And they have the right idea.

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Helpful emergency savings links:

4 Steps to Spending Your Stimulus Check Wisely When You Don't Have An Emergency Fund 38 Reasons You Need At Least a $500 Emergency Fund How to Start Your Savings Journey What's The Easiest Way To Save? Automatically

9 Ways to Save for Your Child’s Education | America Saves (2)

Large Purchase

Think and acting like a saver not only means knowing what you’re saving for and how much it costs, but having a plan for building that savings.

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Helpful Large Purchase Savings Tips:

5 Holiday Mistakes That Could Cost You How to Save During the Holidays The S.M.A.R.T. Way to Save for Large Purchases What's The Easiest Way To Save? Automatically

9 Ways to Save for Your Child’s Education | America Saves (3)

Car

Being able to travel by car can help people earn more, spend less, and get better value in their housing. Cars, however, are relatively expensive to purchase and maintain. American households spend, on average, more than $8,000 dollars on car purchases and maintenance each year.

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Additional links for savers like you:

Sign up for text reminders and savings tips Save On Interest With This Debt Repayment Strategy 54 Ways to Save Money

9 Ways to Save for Your Child’s Education | America Saves (4)

Vacation

Vacation anyone? You might be gearing up for your next trip soon. Luckily, you don’t have to be rolling in dough to travel!

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Check out these resources to help save for your next vacation:

How to Save Money on Your Next Vacation A Think Like A Saver Attitude What's The Easiest Way To Save? Automatically

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Retirement

Retirement savings is a top priority for many Savers. Saving now for retirement will ensure that you have enough money to enjoy a comfortable standard of living when you stop or reduce the amount of hours you work.

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Debt Repayment

Getting out of debt is the #3 goal Savers select when they pledge to save. With planning, discipline, patience, and maybe some outside help, almost anyone can reduce their debts and start to accumulate wealth.

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Helpful Debt Repayment Links:

4 Key Mindset Changes To Make When Paying Off Debt Paying Down Debt IS Saving Save On Interest With This Debt Repayment Strategy

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Education

Saving for education is the second most popular goal (after saving for emergencies) savers select when they pledge to save with America Saves.

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Homeownership

Develop a savings plan to build up money for a down payment at purchase, for moving expenses, and for post-purchase emergency expenditures such as needed home repairs.

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Disability-related expenses

Oftentimes, individuals with disabilities may not be familiar with savings options that are available to them or they may be afraid to save money due to the fear of jeopardizing public benefits.

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Helpful Savings Links:

Saving is an option for individuals with disabilities ABLE Accounts – A Protected Savings Option for Persons with Disabilities 54 Ways to Save Money Sign up for helpful text reminders and savings tips

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Investment Savings

More and more people who take the America Saves pledge are choosing investment savings as their goal. Making investments can build wealth over time more reliably than using a savings account, but it also involves risk. So, it’s important to educate yourself.

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General Savings

It can be hard to put aside money for savings. But there is an easy way to save money without ever missing it. Make your savings automatic. You can start small and save $20 a week or month or you can try and save more.

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Helpful General Savings Resources:

54 Ways to Save Money What's The Easiest Way To Save? Automatically How to Start Your Savings Journey 38 Reasons You Need At Least a $500 Emergency Fund 5 Ways To Teach Kids How To Save At Home

9 Ways to Save for Your Child’s Education | America Saves (2024)
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