Financial decisions are some of the most complicated choices we make in our lives. When it comes to the future of our children, however, one thing is for sure: saving for their education is key. With the cost of college on the rise, now is the time to start planning for the future. Whether your children are still in diapers or already driving, it is never too early, or too late, to invest in their future. With our knowledge, expertise, and personalized approach to financial planning, Lowery Thomas is the perfect partner in your journey to saving for your children’s education. No matter your current strengths or weaknesses, we can help you set and achieve your financial goals.
The Rising Cost of College
It may come as no surprise that a college education has become exceedingly expensive. In fact, you might still be paying off some of your own student loans. If that is the case, you are certainly aware of the burden that is created by such debt. Trying to find a job and start out in the world is hard enough without the encumbrance of a strict repayment schedule. Even if you are free from student loans, yourself, you’ll probably need a careful financial plan to help your children pay for their college education.
Today’s tuition, fees, room, and board for a four-year education range from around $18,000.00 to over $42,000.00, depending on the type of institution you and your child choose. This is nearly 3% higher than last year’s figures. If you have more than one kid bound for higher education, these costs may seem insurmountable. Instead of relying on your child’s athletic or academic prowess to earn them a hearty scholarship, you can start saving with a financial planner today.
What a Financial Planner Can Do For You
With the help of a financial planner, you can understand how to manage your accounts, grow your money, and set aside appropriate resources. We will analyze your current financial situation and come up with a personalized plan to help you save for your children’s future.
While analyzing your current financial health and goals, our certified planners can help you:
- Assess different types of savings plans and investments;
- Understand the tax benefits of said plans;
- Help you maximize your FAFSA application;
- Aid you in understanding scholarships; and
- Give you the tips and techniques you need to save money where you never thought possible.
The time is now to gain a partner in your financial planning endeavors. With Lowery Thomas, you can get excellent advice from some of the most experienced and professional financial advisors. Call today to schedule a consultation and see how you can start saving for your children’s education.