Like a lot of people, my spouse and I had a lockdown baby. I’d like to start saving for her future and was considering a 529, but my husband isn’t big on it if it doesn’t get used specifically for education. I can see his point of view if we want to teach her about saving for specific goals and might want to convert it to a minor’s checking account in the future, but that’s years off and I want to maximize whatever interest she can earn before she’s old enough for that kind of responsibility.
Right now it’s just baby shower checks, a couple hundred dollars total. I’m thinking we start with savings and hive off part of that money in the future for the whole checking/teaching/allowance scenario.
Submitted November 08, 2021 at 07:14AM by NightoftheLivingBoot https://ift.tt/3kggBja
