January/February 2026 HAWAII PARENT 137 Start Early Open a tax-advantaged college savings account when your child is born. The earlier you can start, the less likely you are to “miss” the money you are contributing on a regular basis. The easier it can be to reach savings goals with compounding interest. Get Finances in Order Anytime is a good time to assess cash flow and eliminate unnecessary expenses and debt that could be eating into returns, especially when you are contemplating how to start saving for college. Consider starting with the highest-cost debt and working your way down to assess items that might be reduced or cut. This can help to free up money to invest and to grow more of the money that you have. Get Other Family Members Involved Including family members who might have expressed an interest in helping can
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