Archive for May 2018

MMT PODCAST: Should I Pay For My Child’s College

In Episode 11, we’ll dive even deeper into all things college and money. Joe shares how to prepare yourself or your kids for college and answers the question, “How do you suggest balancing helping my child pay for college while still teaching them financial and personal responsibility?” Hear how Joe saved for his daughter, Melea’s College with a college savings plan. Joe also shares tips for how to teach your kids how to win with money before they venture out into the real world.

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

NOW AVAILABLE TO DOWNLOAD:

iTunes
Stitcher
Spotify
Website

Email info@iwbnin.com to submit podcast questions or share success stories.

Show Notes

About the episode:

  • We’ll dive even deeper into the conversation of College and money.
  • Joe answers the question, “How do I balance helping my child pay for college while still teaching them financial personal responsibility?”
  • Joe shares his own success story of his daughter, Malea, as she prepares for college this coming fall.
  • Joe and Megan give a Memorial Day tribute.

Resources:

Quote of the Day:
“Start children off on the way they should go, and even when they are old they will not turn from it.” Proverbs 22:6

Links:
529 Plans (All 50 States)
IWBNIN App
IWBNIN Ladder

MMT PODCAST: How Can My Kids Avoid Student Loans

In Episode 10, we’ll talk all about College and money. Joe shares how to prepare yourself or your kids for college and answers the question, “How can my kids avoid student loans?” Hear a success story from Dustin and how he changed his family’s financial future through budgeting and a plan for his daughter’s college. Joe also shares his tips for ways to save on summer vacation!

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

NOW AVAILABLE TO DOWNLOAD:
iTunes
Stitcher
Spotify
Website

Email info@iwbnin.com to submit podcast questions or share success stories.

About the episode:

  • We’ll talk about how to get yourself or your kids  financially prepared for college tuition.
  • Joe answers the question, “How can my kids avoid student loans?”
  • Hear a success story from Dustin who changed his family’s financial future through budgeting and a college plan.
  • Get tips on ways to save money on summer vacation.

Resources:
Quote of the Day:
“A good person leaves an inheritance to their children’s children.”- Proverbs 13:22

Links:
Mini Budget Tool
Be Recruited – College Athletic Recruitment
529 Plans (All 50 States)
Credit Sesame

529 College Savings Plan Websites (All 50 States – Alphabetical Order)

529 plans are excellent tax-advantaged ways to invest money for college education. Below is a list of all the 529 college savings plans, by state, in alphabetical order.

In general, there are additional tax advantages (usually a deduction from your state taxes – not very beneficial if you live in a state that doesn’t have income taxes!) when you choose to invest in your own state’s plan.

The IRS shares how 529 plans help families save for college HERE.

529 plans – by state:

Alaska: The University of Alaska College Savings Plan http://www.uacollegesavings.com
Alabama: College Counts 529 Fund https://www.collegecounts529.com/
Alaska: The University of Alaska College Savings Plan http://www.uacollegesavings.com
Arizona: AZ529 http://www.az529.gov
Arkansas: AR 529 College Investing Plan https://www.arkansas529.org/
California: ScholarShare 529 https://www.scholarshare.com/
Colorado: CollegeInvest https://www.collegeinvest.org/
Connecticut: CHET 529 College Savings Plan https://www.aboutchet.com/
Delaware: Delaware College Investment Plan https://www.fidelity.com/go/529-delaware/overview
Florida: Florida 529 Savings Plan http://www.myfloridaprepaid.com/what-we-offer/529-savings-plan/
Georgia: Path2College 529 Plan https://www.path2college529.com/
Hawaii: HI 529 https://www.hi529.com
Idaho: ideal https://www.idsaves.org
Illinois: CollegeIllinois! 529 Plan http://www.collegeillinois.org
Indiana: CollegeChoice 529 https://www.collegechoicedirect.com/
Iowa: College Savings Iowa 529 https://www.collegesavingsiowa.com/
Kansas: Learning Quest 529 Educational Savings Plan https://www.learningquest.com/
Kentucky: Kentucky Education Savings Plan Trust https://www.kysaves.com/
Louisiana: START Saving for College http://www.startsaving.la.gov
Maine: NextGen http://www.nextgenforme.com/
Maryland: Maryland 529 Plan https://maryland529.com/
Massachusetts: mefa UFUND 529 https://www.fidelity.com/go/529-Massachusetts/overview
Michigan: Michigan Education Savings Program https://www.misaves.com/
Minnesota: College Savings Plan https://www.mnsaves.org
Mississippi: College Savings Mississippi http://www.treasurerlynnfitch.ms.gov/collegesavingsmississippi/Pages/default.aspx
Missouri: MOST 529 https://www.missourimost.org/
Montana: Achieve Montana https://achievemontana.com/
Nebraska: NEST 529 College Savings https://www.nest529direct.com/home.html
Nevada: SSGA UPromise 529 https://www.ssga.upromise529.com/
New Hampshire: The Unique College Investing Plan https://www.fidelity.com/go/529-New-Hampshire/overview
New Jersey: NJ Best 529 Plan https://www.njbest.com/
New Mexico: The Education Plan https://www.theeducationplan.com
New York: NY’s 529 Plan https://www.nysaves.org/
North Carolina: The NC 529 Plan http://nc529.org/
North Dakota: College Save Picture the Future: https://www.collegesave4u.com
Ohio: College Advantage https://www.collegeadvantage.com/
Oklahoma: Oklahoma 529 College Savings Plan https://www.ok4saving.org
Oregon: Oregon College Savings Plan https://www.oregoncollegesavings.com
Pennsylvania: PA529 http://www.pa529.com/
Rhode Island: CollegeBound Saver https://www.collegeboundsaver.com/
South Carolina: Future Scholar https://futurescholar.com/
South Dakota: CollegeAccess 529 Plan https://www.collegeaccess529.com/
Tennessee: TNStars College Savings 529 Program http://www.tnstars.com/
Texas: Texas College Savings Plan https://www.texascollegesavings.com/
Utah: Utah Educational Savings Plan https://uesp.org/
Vermont: Vermont Higher Education Investment Plan https://vheip.org/
Virginia: Virginia 529 https://www.virginia529.com/
Washington: No plan
West Virginia: Smart529 College Savings Plan http://www.smart529.com/
Wisconsin: Edvest https://www.edvest.com/
Wyoming: No plan