Tips for Saving Money for Your Kids

Though having kids is a blessing in many ways, they can drastically change your financial picture. To save money for your kids’ college education and your retirement, you need to be smart about where you put your money.

This video offers advice on how to save money for your kids’ college education. A 529 plan is a good idea, though you’ll have trouble accessing the money until your kid goes off to college. One suggestion is to pull back on your retirement accounts and instead funnel the money into a general account that has a bit more liquidity.

For help making sound financial decisions, call GCS Credit Union at (618) 797-7993. Our credit union has been providing the people of O’Fallon, IL with auto loans,  checking accounts , and much more since 1941.  

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