Hellobee Boards

I think we're going to open an account with Fidelity. Right now her money is in my and DH's checking account. We've got a line in the budget that for her savings do we know how much is hers.

they both have savings acct at the local credit union and then once a year I take the money out and put in their mutual funds

We have 529s, but no real savings accounts.

@catlady: love betterment

We have a college fund, but we decided to not do a 529 after a lot of mulling over, and have it invested in mutual funds; no separate savings

We have a savings account but no 529 yet- we will get an Oregon one when we do.

They each have 529s and a savings account for "fun" where we give them spare change, etc to save for a toy or outing, etc.

@Mrs.KMM: I have been meaning to look into the Georgia 529 plan good to know there are tax benefits.

We have a savings account for DS to put cash into so he can spend on things he wants/needs in the future. We will contribute to an educational fund seperately.

@Bluemasonjar: Up to $2000 per year is tax deductible from your GA state taxes.

I opened an account for each of my LO's as soon as I got their birth certificate - I put in whatever money they had been gifted for their birth ($1,000 in total each) and then had it linked to my internet banking. I do a direct deposit of $10 per child per week, and deposit any money they receive for christmas, easter, name days and birthdays. It adds up by the end of the year, and I hope that by the time they are 18 they will have a great savings account to spend on a car or house deposit. $20 a week is ok for my weekly household budget, I barely notice it really.