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Craft Law Offices are bankruptcy attorneys serving Eastern North Carolina, including Greenville, NC and Wilson, NC. We specialize in traffic law, underage drinking citations, and assisting you during the bankruptcy process. It is our philosophy to make your bankruptcy experience as stress-free as possible.
If you’re considering filing for bankruptcy, you may feel that you’re trapped in a pile of debt with no hope for a financial future. However, that simply is not true. Sometimes, filing for bankruptcy is the best financial option you can make. Think of it like a fresh start that helps you to manage your debt and build a better future.
One way to plan for the future is to create a college fund for your children. We all know that college is not cheap, and many young adults graduate already saddled with the heavy weight of debt before they even really begin their adult lives. Saving ahead for your kids can help them to enter the big, adult world with a little bit less to worry about. Even if you can’t save to cover their entire college tuition, any bit helps.
When it comes to putting aside money for college, many parents feel overwhelmed. We are already expected to save for our retirement and any emergencies, not to mention all of the monthly bills that our salaries have to cover. So, how can we stretch our already tight budget to save for our kids’ college funds?
529 plans are a great way to start saving for college. Not only is the money you put aside tax free, it can also offer numerous tax benefits. Then, we you get your tax return back, you can turn around and put that money back into your child’s college fund.
One creative way to put money towards your child’s college fund is to ask that family members donate a gift towards their savings instead of a traditional toy, etc. You can set this money aside in a savings account that will accrue interest over time.
For bankruptcy attorneys who care about your family’s financial future, give us a call at Craft Law Offices in Wilson, NC.