The idea of saving for college is daunting when you look at the sticker price of many schools today. But even making little adjustments can help you save and take control of your college financing.
Parents, if you buy a $3.50 grande latte at Starbucks every morning before work, that’s almost $900 a year in foam. A one-pound bag of Starbucks Sumatra costs about $14 and brews about 40 8-oz. cups of coffee. Brew your own java at home, and you’ll save about $15.75 per week in coffee expenses.
Do that every year your student is in high school and you’ll have saved over $3,000 to put towards college (and that’s not even figuring the interest you’ll accrue if you actually put that extra money in an account as you go along).
I know that $3,000 doesn't make a huge dent at schools that cost up to $50,000 a year to attend. But every penny you save is a penny less you have to borrow to attend college (or hope to get in the form of grants and scholarships).
There are always ways to save for college.