https://boards.hellobee.com/ Pregnancy, Baby and Parenting blog, by Hellobee en Sun, 31 May 2026 15:42:07 +0000 https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1/page/2#post-1487204 Tue, 11 Mar 2014 15:24:29 +0000 plantains 1487204@https://boards.hellobee.com/ <p>@googly-eyes: u should ask to see statement from 529 if possible so you know how to adjust any savings plan you sign up for. E.g. MIL puts $500 per month into a 529 for DD so we have opted to use ESA for the moment to make sure we have more spending flexibility with that money. </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1/page/2#post-1479378 Fri, 07 Mar 2014 18:21:24 +0000 PurplePeony 1479378@https://boards.hellobee.com/ <p>We've been meaning to set up a regular savings account but haven't yet. We did start a GET account, which is our state's prepaid college savings plan. DH and I are still disagreeing about whether we should fund it fully right now (him) or fund it in part and continue adding over the next couple years (me -- I'm uncomfortable tying up such a large part of our current savings). </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1/page/2#post-1479360 Fri, 07 Mar 2014 18:09:21 +0000 Ra 1479360@https://boards.hellobee.com/ <p>He has both a savings account and a 529 but we mainly contribute to the 529. </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1/page/2#post-1479353 Fri, 07 Mar 2014 18:05:55 +0000 Mrs. Pen 1479353@https://boards.hellobee.com/ <p>I think we'll be opening a general savings account for him shortly. </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1479350 Fri, 07 Mar 2014 18:04:02 +0000 MamaMoose 1479350@https://boards.hellobee.com/ <p>She has a 529 and an investment account. Though the investment account is technically in our name as I wasn't comfortable with the requirement of an UTMA account. </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1479340 Fri, 07 Mar 2014 17:57:57 +0000 shinymama 1479340@https://boards.hellobee.com/ <p>Our boys each have a savings account and a CD because we're still debating the 529. {Grandma also has accounts for them.} </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1479062 Fri, 07 Mar 2014 15:50:51 +0000 googly-eyes 1479062@https://boards.hellobee.com/ <p>@Bookish: right! :) </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1479047 Fri, 07 Mar 2014 15:46:02 +0000 MoonMoon 1479047@https://boards.hellobee.com/ <p>@BakerBee: thank you! That's really good to know, we're still trying to decide the best saving strategy for him. </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1479001 Fri, 07 Mar 2014 15:28:58 +0000 Bookish 1479001@https://boards.hellobee.com/ <p>@googly-eyes: I hear ya. We don't put much in a month at all, but after daycare is done I plan on throwing a huge chunk of it at it every month! At least we have one, right?! </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1478996 Fri, 07 Mar 2014 15:27:48 +0000 googly-eyes 1478996@https://boards.hellobee.com/ <p>@Bookish: I guess I should have mentioned that its all bday/Xmas money too. We are putting our first deposit this month but for the next couple years it will be hard to save much in that account. After daycare is over a lot of funds will be freed up! But what you said is how I see it too... Lots of people are paycheck to paycheck so my one year old having that much in savings is a good start to me. </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1478988 Fri, 07 Mar 2014 15:24:48 +0000 Bao 1478988@https://boards.hellobee.com/ <p>Yes just a regular savings account </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1478957 Fri, 07 Mar 2014 15:15:37 +0000 Pepper 1478957@https://boards.hellobee.com/ <p>LO has a savings account and a 529. </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1478946 Fri, 07 Mar 2014 15:11:51 +0000 LBee 1478946@https://boards.hellobee.com/ <p>Our future LO has a Schwab 529. </p> <p>@MoonMoon: A 529 and/or ESA do NOT impact your child for FASFA reasons. </p> <p>An UTMA and/or savings account in the child's name DOES impact your child for FASFA reasons. </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1478945 Fri, 07 Mar 2014 15:11:48 +0000 MrsF 1478945@https://boards.hellobee.com/ <p>We opened a 529 account for M a few months ago. </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1478925 Fri, 07 Mar 2014 15:04:43 +0000 Raindrop 1478925@https://boards.hellobee.com/ <p>@MrsStar: Thank goodness I'm not the only one! :)</p> <p>We have nothing! I have a notebook that keeps track of what he gets for birthday / new years / holidays. Someday we will open an account and put that money in there. </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1478923 Fri, 07 Mar 2014 15:03:46 +0000 Freckles 1478923@https://boards.hellobee.com/ <p>@Sapphiresun: We opened up an RESP too, and have maxed out the contributions to get the government match. Our family is all about taking advantage of the matches! </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1478917 Fri, 07 Mar 2014 15:01:35 +0000 fancyfunction 1478917@https://boards.hellobee.com/ <p>We have a 529 and a regular savings account. </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1478889 Fri, 07 Mar 2014 14:54:26 +0000 yoursilverlining 1478889@https://boards.hellobee.com/ <p>529 - she has no need for money for a looooong time so any $$ we get for her goes in there. At some point, we'll open a regular savings account for her. </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1478871 Fri, 07 Mar 2014 14:51:00 +0000 Ginabean3 1478871@https://boards.hellobee.com/ <p>She has a regular savings account and then a 529 with Schwab. </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1478793 Fri, 07 Mar 2014 14:30:12 +0000 MoonMoon 1478793@https://boards.hellobee.com/ <p>Do any U.S. bees know what effects these various types of accounts (savings, 529, investment) will have on FAFSA and the types/amounts of aid they will be able to receive for college? </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1478786 Fri, 07 Mar 2014 14:28:23 +0000 Bookish 1478786@https://boards.hellobee.com/ <p>@googly-eyes: Hey, we've only got 1100$ in ours! It's a lot more than many people, so don't feel inadequate! :) </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1478779 Fri, 07 Mar 2014 14:26:57 +0000 Mrs. High Heels 1478779@https://boards.hellobee.com/ <p>They each have a 529 account. </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1478769 Fri, 07 Mar 2014 14:23:55 +0000 MrsStar 1478769@https://boards.hellobee.com/ <p>Not yet! Think we'll open one early next year, we're a little behind! </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1478724 Fri, 07 Mar 2014 14:14:11 +0000 sunny 1478724@https://boards.hellobee.com/ <p>She has a 529 and savings account. </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1478637 Fri, 07 Mar 2014 13:46:28 +0000 googly-eyes 1478637@https://boards.hellobee.com/ <p>We have a savings account but it only has $1600 in it so far (which I'm actually happy/ok with but I realize there are many on HB who would find that inadequate!) </p> <p>Her grandma says she is funding college...we shall see about that! I think she opened a 529. At first I was uncomfortable with it but dh reminded me that it's in the best interest of our child. If it doesn't work out we will figure things out. </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1478630 Fri, 07 Mar 2014 13:44:50 +0000 Sapphiresun 1478630@https://boards.hellobee.com/ <p>Yep, LO has a RESP (Registered Education Savings Plan). It's a good deal because the government matches 20% on the first $2500 each year which is a pretty hard interest rate to find anywhere else! </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1478628 Fri, 07 Mar 2014 13:44:22 +0000 Silva 1478628@https://boards.hellobee.com/ <p>529 account. </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1478615 Fri, 07 Mar 2014 13:41:46 +0000 Smurfette 1478615@https://boards.hellobee.com/ <p>She has a savings account and then an investment account </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1478593 Fri, 07 Mar 2014 13:35:26 +0000 blackbird 1478593@https://boards.hellobee.com/ <p>We set up a 529 college account. When she starts getting money (which, i think it'll be awhile), we'll open up a savings account. </p> https://boards.hellobee.com/topic/does-your-lo-have-a-savings-account-1#post-1478585 Fri, 07 Mar 2014 13:32:45 +0000 pmerr 1478585@https://boards.hellobee.com/ <p>We opened a regular savings account when he was less than amonth old. We put any money we get for gifts in there. </p>