Saving for College 101
I had this really great idea that once my oldest started kindergarten we would take the money we were no longer spending on daycare and invest it in college savings. I did the math and figured that money could really add up over time. That would be great because (spoiler alert!) college is just crazy expensive these days. So I finally got my act together and started researching our options for college saving. We could simply open a savings account or money market account or invest in stocks on our own (if we had a clue how to do that), but what we were looking for were savings plans that were specific to education and widely available. In that case, it seems there are two popular options: Coverdell ESAs and 529 Plans. Here is the low-down…
ABOUT ELLIE: Ellie is a psychologist-turned-momma who blogs at Musing Momma, where she reflects on motherhood and shares her thoughts on parenting, raising children in a multiracial family, and creating community. She believes in living with compassion and kindness, the power of appreciation and optimism, laughing a lot, and trying her best not to judge others. She lives in the Northeast with her exceptionally patient husband and their two adorable but very mischievous boys (ages 3 & 6).
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