With tough economic times many people are struggling with the costs of today; let alone thinking about saving for children's college funds.
Jean Brady has six children many of them are local basketball stars, who’ve been dubbed the “Brady Bunch” by the 11-Sports team, but what if Basketball doesn't shoot them into college? Jean Brady says, "we provide jobs for them that pay good with our company and they can earn money through their high school and into college."
Brady says when her kids aren't on the court they are working for their parents oil industry reclamation company truly earning their degrees. Then that money goes into a CD to maximize benefits before school is in session.
Brady says "they can make income off of it when they're not using it and pull it out when they're ready to go to college."
Katie Powell works for College Invest and she also has a soon to be one year old daughter that she's already started saving for with a 529 college savings plan; you can open one with college invest for just $25. A survey from College Invest shows that 63 percent of Colorado parents are funding some sort of college savings account for their kids; but 29 percent of those same parents said they are saving less each month toward that goal than a year ago.
Powell says that parents find lately that parents haven't been saving enough. Luckily for the Brady's, they say they'll help their kids make up the difference of what they don't save so they can get out of college with a debt–free degree.