Podcasts about collegebacker

In this episode I will bring  you guys along with me as I went on a journey to  find alternative financial gift ideas to promote wealth building with our kids but for adults as well.  Most of these gift ideas can still be purchased for gifts this Christmas but would make great gift ideas for any occasion.  If you would like to add to my list of alternative gift ideas, please share those ideas in the comments section or DM on any of my social media platforms.  Follow me on IG & Twitter @TheInDueTimePodKast and @RaydeeantMedia.  Facebook: Raydeeant Media Page.  Subscribe to my YouTube Chanel:  Raydeeant Media Here are are few of the links discussed in the episode: College Backer:  https://youtu.be/v1IclHYyf1c Goal Setter:  https://www.goalsetter.co/ Starbanks Adventure: https://apps.apple.com/us/app/star-banks-adventure/id973197426Spending Spree: The Game of Life:https://apps.apple.com/us/app/the-game-of-life/id1117405948 The Investing Piggy Bank:  https://www.amazon.com/vdp/1d65f1c2bbbd48d1bdb24c4a0e44af2f?ref=dp_vse_rvc_1 --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Joining the show this week is Jeremy Feit of CollegeBacker.com to share how CollegeBacker makes it simple for parents to utilize the 529 plan for college savings. CollegeBacker Offer: Go.CollegeBacker.com/WinningToWealth Show Notes: WinningToWealth.com/Episode31 Download My Free Book: WinningToWealth.com/Playbook Join The Facebook Community: WinningToWealth.com/Teammates  

Saving for the kiddos' college is what I'd call a no brainer. But when, what and how should you save for it? The basics tend to be the hardest place for families to break the barrier of investing... it doesn't have to be. Here are a few insights in this solo (slash) guest episode with CollegeBacker!

Jordan Lee is the CEO and co-founder of CollegeBacker, a startup that helps people start 529 college savings plans. In this episode, learn what a 529 plan is, why it’s so important and how to get started. In today’s episode, you'll find out: What led Jordan to co-founding CollegeBacker How a 529 plan works The impact of saving when your child is young What counts as a qualified expense for a 529 Tax benefits of a 529 What’s a good annual contribution Should a 529 be priority over retirement savings? What superfunding is How to calculate what to save in a 529 How friends and family can contribute to your child’s 529 Which states provide income tax benefits with 529 plans What happens if your child decides not to attend college Differences between adviser-sold and direct-sold plans How you might choose where to house a 529 plan How prepaid tuition plans work Can you save too much to a 529? Why every parent should contribute a 529 plan Full show notes at https://studentloanplanner.com/33

Did you know that 50% of college students in the US do not graduate within 6 years? 50%. The main reason for this? The financial cost. In this episode I spoke with Abby Chao, co-founder and COO for CollegeBacker. An online service that makes saving for college simple, smart, social and accessible. Her approach is a modern, tech-forward approach. Crowdfund your savings fund! I know that more people are beginning to question the relevance of university or college. The technological world is moving at such a fast pace that many large, old institutions are having a hard time keeping up. But the largest uncertainty is the huge cost and debt load that many carry because of college. In this episode Abby and I talked about her company, CollegeBacker, the importance of saving for education and how they utilize a new approach to saving- by leveraging your social network. How The Seed Was Planted Abby's interest in investing began as a teenager. She credits the Illinois Math and Science Academy. A state funded school for "math and science nerds". Abby says it allowed students to pursue their passions, collaborate and research. It was an introduction to the book Rich Dad Poor Dad from her grade 7 math teacher that first peaked her interest in finance, investing and business. But it wasn't until she worked as a social sector fellow with McKinsey & Company that her passion crossed into the education field. The sector fellow focused on k-12 education. It helped her understand public education throughout the country. She saw disparity in education. Financial disparity. Many schools across the country were not preparing kids for life after school. She saw how special her education experience had been. CollegeBacker CollegeBacker is a college savings vehicle in the US. It is a 529 fund that helps to save but also gives the tools to rally friends and family to help you. In this episode Abby talked about: Why have a savings plan for college? Flexibilities with this fund~ What happens if your child decides not to go to college? How you can leverage social networks to help save The power of belief and expectations to support kids Unique ways that families can save for post secondary no matter where you live in the world   Abby is leaving listeners with a gift. Visit collegebacker.com/honeyimhomeschooling I'd love to hear your feedback. Do you feel that post secondary is an important part of your or your child's future? How are you planning to handle the financial aspect? You can email me through here. Check out my episode with John Lanza on~ How To Raise Money Smart Kids References CollegeBacker.com Illinois Math and Science Academy Rich Dad Poor Dad Book Kiva Micro Loans        

WTF is a 529? Should you use one for saving for education or is it easier to just have a savings account. Abby Chao from CollegeBacker walks us through what one is, how to set it up, and why it makes sense to use one for college savings. About Abby Chao Abby is a Co-Founder & COO ofCollegeBacker, an online service that makes saving for college simple, smart, social and most importantly accessible to everyone! CollegeBacker, has designed a service to help parents open a tax-advantaged 529 college savings plan with no minimum! Parents can then invite family and friends to contribute.Abby has helped thousands of families save and pay for college. Her modern, tech-forward approach helps the new generation of millennial parents use the right financial and social tools to save for college better, together. You can grab a $10 match at this link if you open a 529 account! http://www.collegebacker.com/OMD/ (not an affiliate link) Check out our transcript The full transcript and show notes are provided by our patrons in the Purrsonal Finance Society. Find it at ohmydollar.com  Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam talks to Abby Chao co-founder and COO of CollegeBacker. We talk 529 plans and how we can save better for our kids. To get us started CollegeBacker is offering a 10 dollar match to Dad Experience listeners when you put ten dollars into a 529 plan through their site www.collegebacker.com. Look for us and follow us through the links below. website www.thedadexperiencepodcast.com Instagram TheDadExperience Twitter @dadexppodcast Facebook The Dad Experience Email experienceanddad@gmail.com Leave us a voice mail on our number 802-377-DADS Learn more about your ad choices. Visit megaphone.fm/adchoices

With Abby Chao, Co-Founder & COO of Collegebacker

Research shows that kids with a college fund, even if it's as low as $500, are three times more likely to start college, and four times more likely to finish. With the reality of crushing student debt, it's so important to start saving early in an investment account where every dollar can compound over the years. Abby Chao, Founder of CollegeBacker, speaks about how you can save for your kids' college using her platform, and how you can get friends and family involved in the process too (think Go Fund Me for college!). Visit collegebacker.com/motherhoodunstressed to receive a $10 match in your College Savings account!

Welcome Abby Chao from College Backer!! Sponsors: Zeta: Today’s episode is brought to you by Zeta. Zeta is a web and mobile app to help couples stay on top of their big picture finances together. That’s spending, saving, financial goals, debt, retirement, anything that encompasses your net worth. And you can choose to share everything with your partner or pick and choose the accounts and transaction they see, it’s easily customizable. Whether you’re paying off debt, saving for a big purchase, or working toward early retirement, financial transparency is essential in your relationship and Zeta is making that easier to maintain. So check it out at frugalfriendspodcast.com/zeta and let us know how it helps you and your partner. We love hearing your success stories! The Poor House: Cautioning you to be wise with your money, because they know what it looks like on the other side of frivolous spending and wasteful practices. Your parents always questioned if this is where you really want to send them, what with all your mindless electricity use, and overconsumption of food! The poor house is pleading with you today to practice portion control, turn off the faucet, save for the things you want. The poor house - because they’re running out of bedrooms. Notable Notes: We enjoyed asking Abby all the questions about saving for college: When should you start saving for your kids’ college education? Bottom line: it's never too late to save. Something is better than nothing and can even increase the likelihood of child's graduation! Of course - starting early is always ideal! How much should we plan to save & What are the options for where to save it? How much to save depends on many factors - check out College Backer website for a savings calculator, but keep in mind you do not need to save for your child's entire tuition; scholarships and your child's own contribution can help! What are the benefits of using a 529 plan to save for college? -Money in a 529 can be used on anything related to education -Earnings are Federal tax free and will not be taxed when money is taken out -Some states offer further tax breaks with a 529 plan -The donor is in charge of the account - not the child What happens to a 529 plan if it’s not used? -A 529 plan never expires and can be used for any individual including yourself if YOU decide to go to college -If there's genuinely no use for the 529 plan money can be withdrawn but would be taxed with a penalty fee BILL OF THE WEEK - Today’s Bill of the Week is brought to you by Zeta because Zeta helps you keep track of all your monetary bills so you never miss a one :) Thanks Abby for sharing your knowledge about congress bills specifically concerning 529 plans. We are so much more enlightened because of you bill! If you want to submit your bill of the week visit frugalfriendspodcast.com/bill to leave us a bill Lightning Round How did you become passionate about helping people save for college? What is CollegeBacker and how is it unique? Who are the best candidates to open a 529 through CollegeBacker? Where can people find more about CollegeBacker and if it’s right for them? Visit collegebacker.com/frugalfriends and receive a $10 credit! Frugal Friends Book Club: It’s May and we’re reading The Soul of Money by Lynne Twist for book club If you want a free copy, leave us a review on iTunes or Stitcher, screenshot the review and send it to frugalfriendspodcast@gmail.com. We’ll select the winners at the end of the month. See you next week!

Saving for a college education can be a daunting task. Abby Chao, cofounder of College Backer has great ideas on how to start and how to get others involved.  For show notes, visit: www.readwithyou.org To learn more from Abby, visit www.collegebacker.com To get your free $10 match, use this link: www.collegebacker.com/readwithyou

Hey ambitious dentists, We have a special treat for you today with a guest interview covering a topic I know is on a lot of our SYDP listener's minds. Saving for your kids higher education. With college tuition rising with no signs of slowing down, and the US having over a trillion dollars in student loan debt,  it can be a challenge knowing not only how much you should invest in the future of your children, but the most effective way to do so according to your situation. Today I’m excited to sit down with Abby Chao co-founder of CollegeBacker.com a resource and service that helps any parent start investing in a tax-free 529 college saving plans in just minutes. Even if you’re just out of a school and kids aren’t quite in the picture, it’s never too early to get ahead on planning for the future. Here are a few things you’ll learn in today’s episode. Why starting a college fund now is so important  and the easiest way to do so. The major benefits of a 529 college savings plan. A simple guideline to know how much to save. The future of higher education and what it may mean for your children. The difference between a 529 and a regular savings account. Why donations to a college fund are becoming one of the most popular graduation gifts. And much more. The Best Way To Save For Your Kid’s Higher Education As A Dental Practice Owner Quote "If you don't know what a 529 plan is.. you're not alone. Over 70% of parents have no idea what a 529 plan is." -Abby Chao About The Guest College Backer  Support The Show Without you, Ambitious Dentists, this show wouldn’t exist. If you enjoyed today’s episode, please go here to give the show an honest rating and review on iTunes. This allows me to evolve the show as it goes on, and also helps spread the word to other podcast listeners since iTunes promotes shows with active engagement.

It’s impossible to deny that college is one of the biggest expenses you, your children, and even your grandchildren will ever face. To make matters worse, the costs of college tuition are still climbing rapidly, with some schools forecast to cost as much as half a million dollars to attend as soon as a decade from now. No matter how old your kids are, or if you’re planning to have children in the future, saving for this is a daunting, intimidating task. Abby Chao is the co-founder and COO of CollegeBacker - a team of college savings geeks working to democratize access to the best tools and information available to prepare financially for college and bring families together in the process. She believes in a world in which every child has a college fund and everyone knows there's a community of people that supports them achieving their dreams. She’s also seen how the burden of college debt impacts entrepreneurship, career choices, and how people live their post-college lives - and wants to change things for the better. Today, Abby joins the podcast to share the journey that led her to co-found CollegeBacker, how you can start saving for college no matter how old you (or your children or grandchildren) are, and the unique tools CollegeBacker provides to instill good habits and lighten this massive financial burden. In this podcast interview, you’ll learn: Why college tuition at all levels keeps getting higher and higher - and why you don’t need to pay for it all yourself if you plan right. The experience that Abby had as a consultant that showed her how important finance is in education - and why a lack of financial education sets major barriers for students who want to achieve their goals. What a 529 account is, why they are in many ways your best way to save for college, and why so many families are unaware of them. How CollegeBacker helps people without financial advisors get access to resources to save for college - and their innovative and unique business model. Why you still need to save, even if your child is going to qualify for scholarships, and the caution points you need to be aware of when using 529s for private elementary or high school.  

Abby Chao believes that every child in America should have access to a college fund. With the insane cost of college, wouldn't you agree?! In today's episode she talks about CollegeBacker, the company she founded about two and a half years ago. She's come up with an awesome way for you to help your child save money for college! It's never too late or too early to start.  Listen to learn more about it. And check out collegebacker.com/marvelousmoms for a special deal for our listeners!

Earlier this year, America's student debt hit 1.5 trillion dollars and women hold nearly two-thirds of it. What can we do for ourselves and our loved ones to lower the cost? Abby Chao, co-founder and COO of CollegeBacker talks 529s and having a plan. In Mailbag, questions on retirement planning when you're out of work, credit cards for new adults and combining accounts.

Millennials are leading the way when it comes to modern savings. There's a strong trend towards gifting experiences over stuff that's honestly really refreshing, and we're seeing this trend with children's gifts as well. Play yards and plastic trucks are great, but what about gifting your child (or someone you know) with money towards their goals like college or even buying a house in the future? Today's podcast guest, Mimi Chan, is sharing how her company, Littlefund, is shaking things in the world of gifting.What You'll LearnWhy we needed a gift-giving evolution in this countryWhat's prompted the trends towards giving experiences over stuff and how that is changing the way we view our financesHow to give monetary gifts towards future goals for your children or your friends' children (hint, great for the holidays)How growing up with immigrant parents shaped Mimi's own money story and her drive to start Littlefund Links MentionedLittlefundStockpile (fractional stock shares)Collegebacker (for 529 savings)More about LittlefundLittlefund, a modern gifting platform that makes it easy for family and friends to gift savings towards a child’s goals with an FDIC insured account which earns interest of 1% APY that compounds daily. So it truly is the gift that keeps on giving (and at a rate higher than the average savings account to boot). Accounts can be set up by parents with short-term goals such as a trip to Disneyland or swim lessons, or longer range goals like saving for college. Gifters can send a Littlefund gift at any time by using a parent’s email address as the family being gifted does not need to have a Littlefund account in advance.SUBSCRIBE & REVIEWWant to be the first to know when new episodes are released? Click here to subscribe in iTunes!Also, podcast reviews are super important to iTunes and the more reviews we have, the more we can spread the Millennial Money message (those iTunes algorithms are crazy). I’d be honored if you left a review and let me know what you love about the podcast.Ask ShannahHave an Ask Shannah question, submit it hereSunday Seven Email ClubMillennial Money is more than just a podcast, we’re all about family here. Join us each weekend for our Sunday Seven Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats and a whole lotta’ fun!Get SocialShannah on TwitterShannah on Instagram

As doctors, we know firsthand the value of education. But how can we fund our kid's education when costs are so high and still climbing rapidly? Abby Chao of College Backer and I talk about college savings strategies and how her company can help parents "community source" the funding of that education. Listen to the end for a special offer, too!

With Abby Chao, Co-Founder of Collegebacker.com

Gabriel Roth, Rebecca Lavoie, and Carvell Wallace talk to Kim Brooks, author of Small Animals: Parenthood in the Age of Fear, as well as a listener question about a neighbor on the sex-offender registry, plus triumphs and fails and recommendations. This episode is brought to you by the following advertisers:  CollegeBacker, the easiest way to save for your child's education. Go to collegebacker.com/momanddad and CollegeBacker will match your first contributions up to $10.    Coffee and Crayons, a new back-to-school podcast from Target and Slate Studios. Listen wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Carvell Wallace, Dan Kois, and Katherine Goldstein discuss calendar fails, the mundane unfairness of paying for daycare with a health care savings account, when to teach kids to clean up after themselves, and listener questions about dealing with a chauvinist grandpa and how and when to talk to your kids about a conspicuous confederate flag on the side of the interstate. This episode is brought to you by the following advertisers:  CollegeBacker, the easiest way to save for your child's education. Go to collegebacker.com/momanddad and CollegeBacker will match your first contributions up to $10. Coffee and Crayons, a new back-to-school podcast from Target and Slate Studios. Listen wherever you get your podcasts. Mac and Mia, an online clothing subscription service your kid will love. Take $50 off your first order by going to macandmia.com/mom and using the promo code mom. Gobble, a meal prep service that brings meals that are ready to eat in 15 minutes right to your door. For $50 off your first box, go to gobble.com/momanddad. Learn more about your ad choices. Visit megaphone.fm/adchoices

Gabriel Roth, Rebecca Lavoie, and Carvell Wallace discuss a fun game about getting kicked in the face, what it means when children lie for attention, and whether a 17 year old boy should be dating a 25 year old man via Tinder. Plus, Triumphs and Fails and recommendations, as always. This episode is brought to you by the following advertisers: Mac and Mia. For $50 off your first order, go to macandmia.com/mom and use the promo code mom at checkout. CollegeBacker, the easiest way to save for your child's education. Go to collegebacker.com/momanddad and CollegeBacker will match your first contributions up to $10.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you frazzled because you still have debt to pay off? Is it because your debt is spiraling out of control, or maybe because it's at a high interest rate? We'll talk about approaching debt on today's podcast. Plus, during our second headline we're packing into a van and hitting the open road. That's exactly what retired NFL player Joe Hawley decided to do after he left the league earlier this year. What's your big plan for retirement? Helping us tackle these headlines, from TheWealthHound.com, is our new friend Jason. Also joining the discussion today are our regular contributors, Len Penzo (from LenPenzo.com) and Paula Pant from Afford Anything. And halfway through the show we'll take a break and talk to David Fanger from Swell. Yes, we need to save and invest for our retirement, but does that mean we have to turn a blind eye to the impact we're making? We'll talk to David about not only investing in ourselves, but investing in companies that are being socially responsible and making an impact. Plus we answer a three-oh call for help to the Blooom hotline. What's the best way for an interested sixteen year old to jump into the world of finance? Thanks also to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings. Thanks to CollegeBacker for supporting Stacking Benjamins. Sign up at CollegeBacker.com/sb and get a $10 match when you start a college fund for your own family or send a gift to kickoff someone else’s college fund.

Ever think about bringing some exciting new concept to the world, but you're turned off by the seemingly all-consuming WIN WIN WIN attitude some full time business people exude? Today's guest is perfect for you, because Tom Hodgkinson (owner and operator of The Idler) loves the idea of a bohemian business, and will tell us the bare minimum that a lifestyle business owner needs to know to make sure that you can enjoy your life, your art, and also maybe family and friends. In our headlines segment, we turn our attention to a new study that shows female advisors are growing their businesses faster than their male counterparts. Are women better advisors? We'll talk about what people REALLY want from their advisor on today's podcast. Plus, Amazon is offering $5,000 for employees to quit their job. Why would a company offer money for employees to leave? We'll have your answer and what it means for your money on today's show! After Doug's Memorial Day trivia question, we'll throw out the Haven Life Line to Michael and answer his question about the best course of action with your money when you have a big purchase coming up in a few years. Of course, we'll still have a listener letter from the mailbag... which today is Sam's question: should he and his wife move their money from a taxable brokerage account to the Roth IRA they haven't been using? Thanks to CollegeBacker for supporting Stacking Benjamins. Sign up at CollegeBacker.com/sb and get a $10 match when you start a college fund for your own family or send a gift to kickoff someone else’s college fund. Thanks to Stamps.com for supporting Stacking Benjamins. For a 4 week trial (that includes a digital scale and postage) go to Stamps.com, click on the microphone at the top of the homepage, and enter SB. 

Mail Call! Today we're answering your questions about IRAs, tackle how to calculate a rate of return, dive in to Vanguard's new factor based funds.... and much, much more. In our headlines segment we turn out heads to secret millionaires. Why do people keep their millionaire status a secret? Would you? In our first headline we'll talk about how one secretary (and others) hunkered down and kept their investments a secret. Plus, are HSA enrollments stalling? We'll talk numbers and the big takeaways on today's podcast. Thanks to CollegeBacker for supporting Stacking Benjamins. Sign up at CollegeBacker.com/sb and get a $10 match when you start a college fund for your own family or send a gift to kickoff someone else’s college fund. Thanks to RXBAR for supporting Stacking Benjamins. Get 25% off your first order at RXbar.com/sb, Promo Code: SB.

Even though he's an engineer by trade, Harry Campbell was excited about the opportunity to earn extra money driving people (and stuff) around town so he tried out Lyft. What happened? Now he runs arguably the biggest website dedicated to ride sharing services AND he'll give you all the secrets about making money in the sharing economy on today's show! In our headlines segment, we tackle a piece about inheritances. Do you know why people don't receive their inheritance? We do, and it probably isn't what you think it is.... Plus, we throw out the Haven Life line to Adam, who wonders about buying property in China. Should he and his spouse spend their money on a home before prices escalate more? We'll also answer another listener letter, throw out Doug's trivia question, and more. Thanks to CollegeBacker for supporting Stacking Benjamins. Sign up at CollegeBacker.com/sb and get a $10 match when you start a college fund for your own family or send a gift to kickoff someone else’s college fund. Thanks to Harry’s for supporting Stacking Benjamins. Get your Free Trial Set – go to Harrys.com/sb.

Fei Ye (WG ’19) chats with Abby Chao, Co-Founder and COO of CollegeBacker. CollegeBacker helps parents open a tax-advantaged 529 College Savings Plan in minutes, and then invite family and friends to contribute. With CollegeBacker Gifts, anyone can kickstart a child’s college fund. During this podcast, Fei and Abby deep dive into the college savings sector and highlight the current challenges associated with saving for college. They also discuss the transition to entrepreneurship from professional services.

On this episode of The His & Her Money show, we have Abby Chou, one of the founders of College Backer. College Backer helps you to create a solid savings plan for your child’s future college education expenses. RESOURCES MENTIONED IN THE EPISODE Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter College Backer (https://collegebacker.com/hisandhermoney) = His and Her Money Show listeners can enjoy a special promotion from College Backer. If you start saving and put $20, they will put additional $20. THANK YOU FOR LISTENING! Thanks for tuning into us on The His & Her Money Show. If you have any comments or questions about today’s episode, please let us know your thoughts in the comments section below. If you’ve enjoyed this episode, please share it using the social media buttons you see at the bottom of the post. Also, please leave an honest review for The His & Her Money Show on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and we do read each and every one.

Have you started saving for your kids' college education? I haven't. Until now! Abby Chao co-founded College Backer, which helps people to plan ahead so the finances of college are not such a burden. Today she'll share powerful information to get you started and she even gives an incredible to offer to our listeners. Show Notes:  Take advantage of a free $25 when you open an account with just $25 to start https://collegebacker.com/ https://twitter.com/abbychao https://twitter.com/collegebacker https://www.facebook.com/collegebacker Connect with Jessica: Instagram//Facebook//Email: jessica@extraordinarymomspodcast.com

- Abby Chao, Co-Founder of Collegebacker.com - Please call 1-800-388-9700 for a free review of your financial portfolio

The topic today is college savings. So many of you write-in asking,"Farnoosh, where should I save for my child's college education? Is a 529 still the best option?" Some even want to know about how to save for our unborn children! I get it. College is expensive today, let alone 18 or 20 years from now.    To help us tackle college savings plans, we have the co-founder and COO of CollegeBacker Abby Chao joining us. Prior to launching the company, Abby was a senior associate and social sector fellow at McKinsey & Company. What's interesting is that only 30% of Americans know what a 529 plan is. That's where CollegeBacker wants to help. It's a new company that's educating parents around it and make it easier for them to save up for their child's college costs. Their trick: involving your community of friends and family. At CollegeBacker you can open a 529 plan and invite others to contribute.  Abby and I discuss 529 pros and cons of starting an account like this. It's not a given that a 529 is the best way to save and that it's a right fit for all families. What if you save diligently into this account and your child doesn't attend college or receives a full scholarship? What happens to the money? I was pretty surprised by some of the answers. There are also some potential legislative changes to the 529 this year that may or may not expand its impact.  We talk about all of this, as well as Abby's own impressive career resume. Her "So Money" moment was when she was at work and convinced her bosses to give her a promotion and a raise...and reimbursements for graduate school!    CollegeBacker would like to offer So Money listeners a $25 match if you sign-up. You can visit collegebacker.com/somoney for more information. To learn more about Abby and CollegeBacker visit collegebacker.com or follow her on Twitter @AbbyChao. To learn more visit www.somoneypodcast.com.

On this episode I was joined by Abby Chao, COO of CollegeBacker to discuss a better way to save for college using a 529 savings plan.  We discuss how important it is to start saving early – even if it’s just a small amount and how you can use their program to help maximize your savings. At CollegeBacker, you also have the option of getting other family members involved to contribute to your child's future educational cost. For More Information visit www.collegebacker.com To redeem our special offer and receive an additional $25 when you setup your plan visit www.collegebacker.com/knowdebt

Think your 401k rocks? In our headlines segment today we'll share a story from an author who thinks your retirement plan isn't all that it can be. Should you stop investing? Reduce the amount you save into it? We'll tackle both of those questions with Paula Pant from Afford Anything and Andrew Wang from the new podcast Inspired Money. They'll also help us cap off 2017 with a discussion about 2018. Fewer people are making money-based resolutions. Does that mean our finances are going to be a mess next year?  We'll also answer two questions from listeners, share Doug's trivia, and more.  Today we'll also introduce you to CollegeBacker. Co-founder Abby Chao joins us to detail the frustrations people have saving for college and how they're working at making 529 plan savings easy. Think it's difficult to save for college? You'll want to listen to today's interview. Can't wait for you to hear all about it. Thanks to HelloFresh and MagnifyMoney.com for sponsoring our show!

If you want to save for your kid’s education but have no idea how or are confused by all the different plans out there, then this show is a must listen. Abby Chao joins me to discuss the pros and cons for Coverdell, UGMA (Uniform Gift to Minor Act) and 529 accounts. With each state pretty much having their own plan, we highlight a few 529 plans that are our top recommendations based on some general assumptions. College Backer was kind enough to give all listeners a $25 match into the account that they set up if they go to collegebacker.com/financialresidency. I encourage you to go there and sign up for an account today. Make sure to subscribe to get our free templates!

Abby Chao is the Co-Founder of CollegeBacker. She and her company are on a mission to make saving for college easy with the magical 529 account.   Abby and I met a dinner in Dallas in October. Her enthusiasm for combating the $1.4 trillion student loan crisis in our country was inspiring. I had to … Continue reading "60 | 529 Account – Your Kid’s Ticket to Student Debt Freedom" The post 60 | 529 Account – Your Kid’s Ticket to Student Debt Freedom appeared first on Marriage, Kids and Money.

Abby Chao is the Co Founder of CollegeBacker, a website that makes it even easier to save for college with help from family and friends. They have been featured in TechCrunch, Fast Company, Yahoo News and More.

Saving for kids college can seem impossible when you’re living paycheck-to-paycheck, trying to pay off debt, thinking about planning for retirement, and wondering how you’re going to make it until next payday. Abby Chao saw these pain points we all face and decided to do something about it. She is the co-founder of CollegeBacker.com, a very unique platform helping you save for your kids college without having to save every dollar on your own. Inside the episode we break down: The 529 Plan (the best way to save for kids college) Tax deductions you must be taking with college savings Who can save for kids college and get the tax savings How you can you get started with as little as $1 Who can help you fund your children’s college savings How the money can be used once college is here   All the show notes, links, and anything Abby and I mentioned can be found at https://www.moneypeach.com/session67

Many millennials are starting to have kids of their own and that means they’re also starting to think about saving for college for the little one. With student loan debt and retirement to think about, putting aside extra cash for college might not be a top priority. However, as with anything, saving even a little […] Read more...

[4:11] Planning for College Prepaid programs are available CollegeBacker is a great resource Scholarships are available you just need to do your research 529 plans should be taken advantage of Small amounts make a massive difference Community College is also a great option for people trying to save money [6:50] Getting financing whilst in college Federal & public financing is available Scholarships – different grants are available Getting your employer to pay for your schooling even if you don’t have amazing grades Where there’s a will there’s a way [8:42] How to Consolidate Consolidate = mushing all your loans together in a single interest rate Lots of financial institutions can help you with consolidating You can only do consolidating once but only after you finish studying Much easier to manage  [10:13] Why you should refinance If you have a high interest rate on a loan- your loan can get bought out by another bank of financial institution Works out cheaper for you as it gets you a lower interest rate Works for all kinds of debt- great to take advantage of when rates go down in the general economy [12:42] The problem with deferring your loans & minimum payments People do this because they don’t have the money and you gotta do what you gotta do However, don’t make it a habit! You don’t want to pay minimums because in the long run you end up owing a ton more. Your student loans will end up increasing in valueSupport this podcast at — https://redcircle.com/chain-of-wealth-debt-investing-entrepreneurship-wealth-and-more/donationsWant to advertise on this podcast? Go to https://redcircle.com/brands and sign up.

Original Show Notes: Saving for College   Abby Chao is Co-Founder & COO of CollegeBacker, a simple and social way to save for college. In just 5 minutes, a parent can open a tax-advantaged 529 College Savings Plan, determine a personalized savings plan for their child, and invite family and friends to contribute. Plus, with CollegeBacker Gifts, anyone can kick start a child’s college fund by sending a redeemable gift. Special Gift: Sign up here and get FREE $25! Welcome, Abby!  [4:5] What is your favorite childhood memory? • Hit tennis balls with pro players [4:43] What is the biggest money mistake you have made? • A Lot of little ones  [5:35] Where did the idea for CollegeBacker come from? • Friends and family were stressed about saving for kids’ college [6:53] Did you create the company alone or did you have partners? • Jordan had already created it • Thought it was a great idea  [10:45] If you could go back and know something in the beginning, what would it be? • Getting started and learning as you go • Enjoy the process [11:45] How did you get funding to start CollegeBacker? • Venture capital investors [12:14] Tell us a little bit more and how much does this program cost? • Voluntary monthly subscription fee • $0-$10/ month • Can pause or change amount at any time Sponsors [12:33] Chain of Wealth – Chain of Wealth is now active on Pinterest! Click on this link to check out our Pinterest page. Value Link Round (VLR) [13:57] Why do you think people struggle to achieve their dreams? • Coming up with a plan [14:44] Do you have any books or podcasts you recommend? • Books: Man Search for Meaning & Zen and the art of motorcycle maintenance   • Podcasts: How I build this [15:36] Where can our listeners find you? • Collegebacker.com (Get free $25 and sign up here!) • Facebook-collegebacker • Twitter- collegebacker   [16:31] Any last advice? • Give money for Christmas and birthdays to help save for college Support this podcast at — https://redcircle.com/chain-of-wealth-debt-investing-entrepreneurship-wealth-and-more/donationsWant to advertise on this podcast? Go to https://redcircle.com/brands and sign up.