College can be expensive, but it may be the best investment you ever make. Although you may qualify for some financial aid and scholarships, you will most likely need some of your own money for college, too. Start as early as possible to build your savings and stack up interest.
Open a savings plan
Open an Indiana CollegeChoice 529 Savings Plan. This plan offers the best deal when it comes to college savings. All savings are tax-free when you use them for education-related expenses like tuition or books. Plus, anyone who contributes to your plan can earn an Indiana state tax credit. Read more about saving for college here.
Put a portion of your earnings or gift money in your college fund. Your college education will last a lot longer than “extras” you spend money on, like eating out or movies.