How to Plan for Your Children’s College

About the Episode

Ilona Friedman of CD Wealth Management walks us through the 529 Plan, which is a tax-free way to set money aside for your children’s college education in the future.

About the Guest

More Insights on Budgeting

Read the Podcast: Budgeting #4: What to do about my surplus or deficit?
Podcast

Budgeting #4: What to do about my surplus or deficit?

By: Ilona Friedman

June 3, 2020

After calculating your income, taxes and expenses, you’ll subtract both your taxes and expenses from your income to figure out if you have surplus or deficit. With surplus, you must find out where it’s being used to maximize your monthly savings. With deficit, you must cut from your expenses to either break even or reach surplus.