How to save for your kiddos’ college fund without financial knowledge

Posted on 2019-01-29

This post has been sponsored by Wealthfront. All thoughts and opinions expressed here are entirely my own.

Can we afford a high-end college?

When I lived in France, I was lucky enough to be able to attend college for free. As you know, this almost always is not possible in the United States without a scholarship. While the boys are still young, I also know the importance of starting to save early to make sure we can afford to send Jude to a great school when the time comes. A few weeks ago, I was telling you about a service I had just started using called Wealthfront. It’s been really helpful in helping us plan for Jude’s future.

Saving without financial knowledge

To be honest, I’m not knowledgeable when it comes to finance stuff, investments, and savings. Using a service that does all the thinking for me is really the only way I could have gotten started with it. Not to mention, I didn’t even have to leave the house to go to a bank. To me this is a big plus because going out with the boys to run errands is never easy. With Wealthfront, I did it all in my PJs on the couch.

The way Wealthfront works is simple. All I did was answer basic questions and enter information (kids’ ages, hypothetical college, monthly income, etc.), and then they put together a plan that gives you an idea of what you can expect to spend and what you need to be saving to reach your goal. It will tell you if your goal is realistic or not given your current finance situation.

Wealthfront FTW

I wasn’t sure we were ready to start saving with our current one-income household but it turns out that we are, and I’m happy we made the step. It’s taking weight off my shoulders, and I can focus on spending more quality time with the boys rather than brainstorming how to save money to afford their education. I’m trying to focus on the present because I know how time flies, and Jude will be in college before I know it.

Wealthfront is as simple as it sounds and completely free. If you’ve been thinking about saving for your kids’ future, but, like me, didn’t know where to start, Wealthfront is the answer.