Five Kids and Saving For College?

Neil doesn't have much room in the budget for college savings. He wants Dave to give him some suggestions.

QUESTION: Neil has 5 kids and doesn’t have a lot of wiggle room at the end of his budget to save for college. He takes home $4,000 a month. Any ideas?

ANSWER: All you need to do is start … that’s the hardest part.  The journey of 1,000 miles begins with the first step.  You set a money goal for each child and when they start looking for college, you let them know what they have to work with.  No matter the amount, anything you can do benefits your children.