4 Amazingly Easy Steps To Get Out Of Debt

If you as a parent are out of debt by the day your kid starts college, you’ll have more cash on hand to help with college bills. If you start the process of getting out of debt years before your kid starts college, you’ll have more cash on hand to save for college.

Either way, you’ll dramatically increase the chances that your child will graduate from college and begin adult life debt-free.

Today I’m featuring four amazingly easy steps to get out of debt, from best-selling author Dave Ramsey. These steps to get out of debt are so easy, you can fit them on a post-it note.

get out of debt

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Genius Strategy for Giving $20 in COLLEGE SAVINGS As Holiday Gifts

I post this important article every December. This year, it contains a brand new resource! A free downloadable bonus article with super helpful information for grandparents. To get straight to the free downloadable article, click here:

How to Give College Savings As Gifts and Get Happy Hugs in Response

Most grandparents love to dote on their beloved grandchildren, but let’s face it. Older kids and teens are notoriously hard to shop for.

How can grandparents give a relatively inexpensive holiday gift that will be remembered with tears and great appreciation for years down the line?

No matter your income level or budget, Grandma and Grandpa, here’s an ingenious idea for deeply impacting the kids you love this holiday season.

grandma

This idea will help you to take the $20 you were planning to spend on a holiday gift, easily put that money into the best possible kind of college savings account, and still have something meaningful and beautiful for the child or teen to unwrap at your family’s holiday gathering.

All without nicking your own finances or damaging the teen’s future financial aid eligibility in any way.

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Grandparents, Here’s How to Give COLLEGE SAVINGS as Holiday Gifts

This article on how grandparents can give college savings as holiday gifts was updated on November 20th, 2018. 

Most grandparents love to dote on their beloved grandchildren, but let’s face it. Older kids and teens are notoriously hard to shop for.

How can grandparents give a relatively inexpensive holiday gift that will be remembered with tears and great appreciation for years down the line?

No matter your income level or budget, Grandma and Grandpa, here’s an ingenious idea for deeply impacting the kids you love this holiday season.

grandma

Write a letter, put the letter in a box, and wrap the box.

Now imagine this scenario.

The child or teen opens a wrapped box from you, and inside he finds an envelope that says, “Brad, read this later. Love, Grandma and Grandpa.”

In this special letter you tell him how much you love him, what admirable good character and potential you see in him, how proud you are of what he’s accomplished the previous year, how excited you are to see him have a successful future, and that you have made a contribution to a fund where you’re saving for his future education.

You don’t have to tell anyone the actual amount you’ve put into this college fund.

Any amount, even $10.00, is generous.

If you like to write, you can add more detail to this letter.

The letter could also include stories from your own life, along with wise advice for this boy’s future. Letters like these become increasingly precious to kids as the years go by—even if you’ve invested only a small amount in the college savings account each year.

Parents who’ve read pages 23–25 of my book will carefully save these letters.

On those pages, I strongly urge parents to carefully save these letters (along with photos of you and the child together), and then eventually use an online service to create a scrapbook out of them.

When this child is an adult, this scrapbook will mean more to him or her than a hundred sweaters and plastic toys.

What if your savings for this kid’s college ends up being over $100.00, and you want to invest it?

As this special college savings fund gets larger, you may want to invest it so that it can grow and increase in value while you’re sleeping. You shouldn’t do this until you’ve had a financial advising professional help you with your own retirement planning of course – but if you’ve got that taken care of, here’s what to consider as you invest this college savings money.

Invest in such a way that you protect the child’s future financial aid eligibility.

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