saving $ for LO

optimist13

anyone doing Upromise or other savings plans for your LO?

chary412

I'm planning to open an account for her with Vanguard soon.  I'm hesitant to use a 529 just because I don't necessarily want to be penalized if she doesn't end up wanting to go to college...

Twinkz

We won't be doing a 529. With our very, very strong Marine Corps background, if he ends up deciding to go that route we'd be penalized. Not to mention I'd like him to be able to access it if say he wants to study abroad while in high school or get his first car, etc. We're currently torn between a standard stock account, high interest savings or precious metals. With the current height of metals I'm not sure we'll venture that way but we will do something. His money from family when he was born is currently just hanging out in our money market.

Amandaluvs2Travel

I have a College 529 for LO. YOu can always change the name on the account so if LO doesnt go to college then perhaps a little brother or sister will

I can also use it if I ever decide to get a PhD or EdD.

I work in a University, so I think I have college on the mind more than most

Cristin23

Our little one has a high interest savings account we started when he was a week old. We put money in there whenever we get paid (at least 10 bucks if not more)