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Babies: 9 - 12 Months
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S/O 529s

EcoBabyEcoBaby
in Babies: 9 - 12 Months

When you established yours, did you tell grandparents about it? We haven't established ours yet, but I think I would feel bad telling DH's family about it because I know how they are, and I think they would feel obligated to contribute. I think they should know its an option, but I wouldn't want them to feel like they need to contribute.

I think I would feel more comfortable if I brought it up in a conversation, but even then, I think they would feel like they need to contribute.

What did/will you do? We have our plan set so DS really doesn't need more money in his college fund beyond what we will contribute, but if they would rather do that than give gifts, that would be fine.

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Re: S/O 529s

  • Mrs.HizzoMrs.Hizzo member
    If you don't want them to feel like they need to contribute, don't bring it up. Honestly, I'm not sure why you would, anyway. It's an investment just like any other, but I wouldn't go around telling people about our Roth IRA, KWIM? I'm sure if they want to gibe money to your child's college fund, they will ask you how best to go about it (or just give you a check).
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  • EcoBabyEcoBaby

    imageMrs.Hizzo:
    If you don't want them to feel like they need to contribute, don't bring it up. Honestly, I'm not sure why you would, anyway. It's an investment just like any other, but I wouldn't go around telling people about our Roth IRA, KWIM? I'm sure if they want to gibe money to your child's college fund, they will ask you how best to go about it (or just give you a check).

    Yeah, I see what your saying. The only thing is that I think they want to contribute, but they would be afraid of offending us by asking, that they would be afraid to ask.

    I am still trying to figure out how the hell to communicate with DH's family. With my family, I would say, "Hey, you can give money to DS's college fund it you want." My mom would say, "I'm still paying off yours!" And then that would be the end of the story. If I said that to DH's family, they would analyze it for a while - like, "Since they mentioned it, I wonder if they are in financial trouble. Or maybe they don't really want us to contribute but felt like they needed to tell us. Maybe they want us to give money to college instead of gifts. WHAT DO WE DO?!?" Seriously, these people analyze the hell out of every social situation. And then once they did do something, they would worry that they made the wrong choice. LOL. Its exhausting.

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