college savings
Future education money
College savings refers to money set aside specifically to fund higher education expenses—tuition, fees, room and board, books.
The term often appears with dedicated investment vehicles: a 529 college savings plan, We started a college savings account when she was born.
The assumption is typically that parents save for children's future education, though anyone can save for their own or another's schooling.
- budgetingAllocating funds systematically
- tax optimizationMinimizing legal payment obligations
- tuition feesCharges for instruction
- education expensesCosts of formal learning
- tax advantagesFinancial incentives reducing liability
bills · Pell Grants · room and board · beneficiary · empty nest · campus visit · financial goals · compound interest · textbooks · mutual funds · asset allocation · financial literacy · FAFSA · dorm · wealth accumulation · risk tolerance · transportation costs · inflation adjustment
- personal financeincome, credit, investments, bills, auto insurance
- family financeshousehold income, income, expenses, monthly expenses, bills
- savingspiggy bank, emergency fund, rainy day fund, joint account, saving habits
- bankingbank, banks, ATM, ATMs, account
- couple financesjoint account, shared expenses, household budget, shared debt, financial planning
- Kids Moneyallowances, piggy banks, saving, spending, pocket money
college savingsretirement funds
Savings for post-career life
retirement savings · 401(k) · pension · IRA · Social Security
college savingsstudent loans
Borrowed funds for tuition
credit card debt · living paycheck to paycheck · borrowing · student debt · consumer spending
college savingsapprenticeship
Learning trade through employment
vocational training · dropping out · trade school · gap year