Benefits of Saving Early – Achieve Montana

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Benefits of Saving Early

Benefits of Saving Early

The earlier you start to save, the better off you could be when it’s time for college. A child with a school savings of up to $499 is three times more likely to enroll in college than a child with no savings*.

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*According to the Center for Social Development at Washington University in St. Louis
+This chart assumes an initial contribution of $3,000 and a hypothetical 6% return on investments. Calculations are based on bankrate.com/calculators/savings/simple-savings-calculator.aspx. Hypothetical results are for illustrative purposes only and are not meant to represent the past or future performance of an actual investment in any particular 529 plan or any taxes or penalties payable upon distribution.