I partnered with Fidelity & MEFA in support of the U.Fund Dreams Tour. As always, all opinions are my own #UFundDreams.
It’s hard to believe that 2016 is almost over and that I’m only seven weeks away from my due date! This pregnancy has been anything but smooth sailing and has me incredibly eager to meet baby! To the dismay of many family and friends we aren’t finding out the gender this time, which is a bit unusual for me since I don’t like surprises! Like many expecting parents, the arrival of another baby has me over the moon excited, nervous and a bit overwhelmed. Babies are wonderful little creatures but there is a ton to plan and prepare for and now that we’re in the final stretch I’m anxious to get everything in order before he/she makes their arrival. What’s weighing heavy on my mind these days? Money and savings. How to make the most of what we’re bringing in and investing in our children’s future so we when we say sky is the limit, we truly mean it.
Being a parent for 11 years (!!) now I’ve navigated saving for the future a few different ways and as life changed my methods have too. One thing is for sure, I could do a better job! And with another baby on the way, it’s imperative I create a solid savings plan and stick to it. But, as many of us know, it’s easier said than done. There are unexpected expenses, medical expenses and everything in between that can deplete a comfortable savings account in no time. This has happened to me multiple times and I’ve often felt like a deer in headlights, unsure of what to do, where to invest and how best to leverage my income. It can be a lonely road and my little money tree in my kitchen windowsill just isn’t cutting it!
With one baby due in February and another in fifth grade college really isn’t that far away. Man, I think I just fainted thinking about my baby and future baby entering college! I’ve joked with my daughter that wherever she plans to go, I’ll be right there with her! Not that I don’t trust she will excel and make smart decisions, but because letting go is hard, and I suck at it. Part of equipping my children for success starts with building a solid foundation for them to go out into the world and become whomever they dream of becoming. For my daughter, these days that means a singer, rockstar, chef and veterinarian. And I’m her biggest cheerleader and remind her daily of her greatness.
So whether I have $5 or $100 I’m saving it. And that’s the key – start saving! The Massachusetts Educational Financial Authority (MEFA) agrees with this sentiment. The earlier parents and guardians can start saving pennies and dollars toward higher education, the less families have to be burdened by paying back student loans and worrying about how to afford the many expenses associated with college. Will it be easy? Define easy! But, we’re not alone in the journey and there are countless other families wondering the same questions we have – how to save on a limited income? How much do I need to save? What is the cost of college in state? I need help! I am so there. Think of MEFA as a helping hand and resource for you and your family as you navigate savings. You don’t have to do this alone! With their support you can create a customized plan based on your needs, that’s right, there is no one size fits all plan with MEFA. You create a plan that makes sense for YOU and your circumstances. That way you can ensure your success. Just one small step today makes all the difference in the future.