Saving Tips for Parents and College Students

Listen in to this, Local Cents podcast with Deann LaValley, Pillar Bank’s Director of Compliance, and her daughter Alayna, a future Belmont University student, about saving and planning for college. They share how Deann started saving early using a Pillar Bank Kid’s Club account, CDs, and a 529 plan, while Alayna set summer savings goals and tracked expenses with banking apps. The duo also talks about the importance of preparation like having family conversations, researching colleges, and applying for scholarships. Top Tips: Start saving early with tools and resources like 529 plans and CDs Set personal savings goals before and during college Have open communication about family finances Apply for scholarships Utilize online tools to research what you are interested in and the opportunities the school have to offer. A helpful episode for families planning ahead for college—financially and practically.