Saving for College Most successful financial ventures begin with a plan! We all know that college is expensive, and we really should begin saving before our children leave the hospital. After you determine what your child’s financial responsibility will be (savings from summer jobs, student loans, etc.) and what kind of school is reasonable based on the child’s plan of study and your budget, I recommend that you establish a monthly savings goal. Remember, your present savings ability might not match the amount required to reach your goals, but completing the Planning For College Questionaire and scheduling an appointment to discuss your financial goals and objectives is a step in the right direction. After we meet, you might decide that a 529 College Savings Plan is the right choice to fund a young person's education.