HSA: Two Great Reasons To Contribute Right Now

The Health Savings Account (HSA) is your best option for building healthcare savings. With its triple tax advantages, ability to roll funds over year after year, and easy access to your money when you need it, it’s no surprise there are now over 36 million (per Devenir's June 2024 Survey) Americans leveraging the power of an HSA.
 

Creating A College Savings Plan

Preparing for your child’s higher education can never begin too early. The earlier you start, the more options are available and the longer your money has to grow. Paying for college seems to get more expensive every year. If you have a child who you hope to send to college—either soon or down the road—you may have considered how you will afford to pay for their higher education.
 

Back to School Financial Checklist

For this post, we’ve come up with a few simple lessons for children of all ages that parents can teach, as well as specific action steps you can take as a parent to set them up on the path to financial success. While we’ve arranged them by grade level, feel free to shuffle them around or borrow ideas from other age groups if you feel you missed an important step or your child is ready for a more-advanced goal.

How Much Savings Should I Have for My Age?

You know the old adage that money doesn’t grow on trees: We can’t just pluck a few bills off the branches and spend frivolously, knowing more cash will grow right back. For most of us, money is a limited resource that takes us effort to earn. Once we earn it, it can take us even more effort to save it. So if you’ve been seeking answers to the question, “How much money should I have saved?” the response depends heavily on how old you are and what you’re saving for.

How to Save for Your Child's College Costs

Parents and guardians want the best for their children, and in today’s world, the best often means some sort of higher education. While the cost of higher education can drastically vary, based on whether the child earns scholarships, goes for a two-year or a four-year degree, studies in their home state or elsewhere, or pursues postgraduate degrees, education can be a big investment. Many parents are left wondering how to save for a child’s education. One fail-safe suggestion for saving for college is to start early. How you choose to save is up to you.