How to Save Money for Twins College Funds

Being blessed with twins is a wonderful life experience. Seeing your twins engage with each other is a very beautiful gift. As the twins get older, life becomes expensive. When it is time to send the twins off to college, the financial costs may be more than you could have imagined. Start saving for your twin's college fund when they are babies and lessen the strain.

Difficulty: Moderate

Instructions

1. Open up two separate college funds for your twins when they are born. You may decide to meet with a financial planner to decide what kind of college plan is best for your twins.

2. Call for a family meeting with grandparents, aunts, uncles and godparents. At this meeting discuss your concerns about the price of college tuition for your twins.

3. Ask family members to contribute to the twin's college funds on each birthday and major holiday in which you celebrate. Let your family understand the costs.

4. Hold a tag sale or begin selling your twin baby clothes, bedding and furniture and put this money away in each of the twin's accounts. Hold annual tag sales as your twins get older. Each year, you can put away more and more money for the twin's college funds.

5. Invite your twins to come up with their own ways to save money for college as they mature. Even at the young age of five, your twins may want to celebrate their differences, and while one twin may decide to have a lemonade stand, the other twin may decide to do more chores to earn more college money.