The Flourish Financially Challenge
weekly challenges and resources to help you flourish!
4 months ago

Episode 28: College Savings vs. Retirement

Parents are used to sacrificing for their children, but your retirement savings should always come before saving for college.

Parents often feel responsible for setting their children up for a successful future. However, in terms of priorities, your retirement savings should generally always come before saving for college. Once you have a pool of retirement dollars and a plan for sustaining your income and lifestyle during retirement, then you can begin considering what you can truly afford to contribute to a college education fund. This can feel unnerving for parents, but this week’s challenge is to adopt a mindset that prioritizes your own financial future.

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