Nine Ways to Save Money for college while your...

1. Open a Upromise account and have family members contribute.

2. Open a Roth IRA for yourself, as the contributions (but not the earnings) can be withdrawn for dependent college expenses tax free.

3. Breastfeed and put the minimum cost of formula of $100 a month into a Coverdell IRA instead.

4. Use cloth diapers and again, save at least $50 a month towards said fund. www.diaperswappers.com is a great source to start.

5. Join the Baby Clubs at the grocery store for extra coupons.

6. Sign up at www.gerber.com, www.beechnut.com, www.pampers.com for coupons.

7. Alternatively- make your own baby food and save even more! Just use a food mill or a food processor.

8. Buy as many items, especially toys, used, as you can. You child will not know, trust me!

9. Consign items when you are done with them, and use the earnings towards the college fund.

Comments: 4

William M. Aug 19, 2006, 9:36pm EDT

A college education is enormously expensive and getting more so every year. Many people don't realize how much it will be until too late.

Danielle, you have given some excellent suggestions. Let hope people will pay attention.

reply to this comment

Bargainbetty M. Aug 19, 2006, 11:12pm EDT

good suggestions....

reply to this comment

D Q. Aug 19, 2006, 11:23pm EDT

Go to rummage sales on bag day or half-price day and stock up on good quality clothes that are too big. Every time your kid grows into a new size raid your 'too-grow-into box' first. It won't matter that you bought the shirt 5 days or 5 years ago, if stored properly it will last forever.

reply to this comment

Baylee C. Aug 21, 2006, 6:41pm EDT

Thanks so much for the tips! I don't know how I missed this! Does anyone know if there's a way to subscribe to a group, so I'm notified when something is posted to this group?

Thanks again!!! :)

reply to this comment

Nine Ways to Save Money for college while your child is an infant

Comments: 4

Join the Conversation

You might also like

More by Danielle R.