of Lloydminster

Your Community Minded Realtors

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Toll Free: 866-666-2700
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RE/MAX Of Lloydminster
5726 - 44 Street
Lloydminster, AB
T9V 0B6

"each office independently owned and operated"

 

One of the prime concerns of parents, especially parents of teenagers, is how their children will be able to afford college tuition. With prices going up each year at even state and community colleges, higher education is an expense that can burden students with debt for years to come. Though some debt is going to be a reality for the vast majority of students, there are several ways parents can set aside some extra money to help their children with college tuition.



Anything is Better Than Nothing 

Many parents with limited financial resources believe that there is nothing they can do to help their children with the cost of college tuition. This, however, ignores the simple financial fact that any help, no matter how small, is better than nothing. College students often go through long application processes and compete fiercely for scholarships of only a few hundred dollars. If a parent can provide even $1,000, then, it's $1,000 less that the student will have to pay off with interest later in life.


Starting Early Means Larger Savings 

Many parents don't begin saving for college until their children are in their early teenage years. While parents can still put together a decent amount of money to contribute to tuition by starting at this point, it is best to start earlier and set aside a regular amount of money each month or week. Say, for example, the parents of a five-year-old decide to put just $20 every week into a savings account for their child's education. In the 13 years between the starting point and the age of 18, when most students begin their college educations, the parents would be able to save an impressive $13,520. By starting the saving process early, even minimal weekly contributions like this can add up to a substantial amount of money.


Don't Be Afraid to Ask Relatives For Assistance 

Although it is often seen as rude to ask relatives for money, saving for the education of a child is a special circumstance that negates this point of financial etiquette. Relatives, especially grandparents, will usually be more than happy to help with college savings to some degree. You can try to set up a set amount for them to deposit into the savings account on a regular basis, or ask them to set aside whatever they are willing and able to on their own and to contribute it when your child begins college. Whatever arrangement can be set up, multiple people saving toward college tuition will always produce a larger overall family contribution.


Make Larger Contributions When You Are Able 

For some families, $20 per week may be all there is to spare for educational savings. However, there will likely be times when there is a little more money to put toward educational savings. Income tax time, for example, produces appreciable tax returns for many lower-income families. If you receive a large tax return and do not have debts or other expenses that require the money more urgently (which should always be taken care of before setting money aside for anything), it may be a good time to put an extra $100 into the college savings account. It is also possible that a new job, a raise or other special circumstances may increase family income. If this happens, you may want to consider increasing your weekly or monthly savings contribution. Your child's educational savings shouldn't come at the expense of bills and household necessities, but if you gain additional income, it is wise to use a small portion of it to build the savings.


Unless your family is quite well off or you come into a significant windfall, chances are that your child will have to borrow at least some money toward his or her education. However, parents can easily set aside enough to make at least some kind of contribution and reduce the amount their children will have to pay back with interest later on in life. Parents who plan well, begin early, ask relatives for added contributions and make larger additions to college savings when they can will be able to substantially ease the burden of college debt when their children begin to pursue higher education.

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If you're like most people looking to sell your home quickly, you already know the importance of curb appeal. While more and more homebuyers are looking online for homes for sale, a majority still do the trusty ol' drive-by before requesting a showing. If your home's exterior can't wow potential buyers from the street, you could be missing out.

 

 

Of course, if your home is for sale, you're getting ready to move--and that can put a strain on anyone's budget. So how can you boost your home's curb appeal without breaking the bank? You don't necessarily have to repaint or make large repairs. With minimal effort, you can entice curious homebuyers to want to see more.

 

Neaten Your Yard

 

You've probably done a good job already of cleaning up your yard. Keeping the lawn mowed and edged and the garden beds weeded is a no-brainer. That said, it might be a good idea to take it a step further by giving your yard the appearance of being easy to maintain. This can include:

.   Patching bare spots in the lawn

.   Adding a fresh layer of mulch

.   Replacing annuals with low-maintenance perennials

.   Patching cracked or pitted concrete

 

Clean Your Home's Exterior

 

Sweeping the porch may not be enough. Look up and make sure you get the cobwebs out of your overhangs and around the mailbox, house numbers and porch light. Clean your windows, inside and out. You may want to consider renting a power washer if your brick or siding looks dingy; you might be surprised at the difference it makes.

 

Low-Cost Exterior Upgrades for Curb Appeal

 

Sometimes, investing a small amount of money can help get more showings--which can mean selling your home more quickly. Some inexpensive upgrades that may make a big impact include:

.   Painting your front door

.   Replacing your mailbox

.   Installing new house numbers (be sure to repair or cover any cosmetic damage left by the old ones)

.   Adding potted flowers or hanging baskets to your porch

 

If any paths or entryways are too dark at night, consider installing some new lighting. Homebuyers are impressed by the safety and security of outdoor lights. Solar-powered path lamps and motion-detecting floodlights over the garage door are particularly impressive.

 

Never underestimate the value of good curb appeal. You’d be surprised how taking small steps can completely change how buyers see your home.

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