I am wondering what everyone is doing regarding savings for the kids and their future?
I am starting to think about what to do for my 2 yr old and 3 month boy.
I'm a single mom and my income is modest. I have three savings accounts set up; one for each of my boys. I have a direct deposit into the accounts on every payroll. I don't miss the money cuz i never see it and it has added up quickly.
I highly suggest starting a 504 plan for your children. We also suggest that grandparents give to this college plan instead of buying gifts for birthdays. The earlier you start it the better!!
We have savings accounts for our children, but the interest is low. Eventually we'd like to move their savings to a mutual fund that will collect more interest yet still not be risky. If you do this, keep a close eye on it b/c even the safer funds lose $. In my case as a child, my parents invested in a fund that I saw double in about 3 yrs. However, after some time, it gradually started decreasing, so I pulled the $ out. It's best if you can hold out and keep the $ in for the long term, but use your judgement. You don't want to get penalized either.
Sign up for our free email newsletters and receive the latest advice and
information on all things parenting.
Enter your email address to sign up or manage your account.
Ask for these simple treats!
Find unique gifts for educators.
Need ideas for what to do this weekend? We have it covered.
Prom season is one of the most exciting times in a teen's life... and one of the most nerve-wracking times in a parent's!
Friday is April Fools' Day! If you love this holiday as much as we do, then you're probably starting to plan some silly pranks to play on your kids.
6 Sweet Gestures for Teacher Appreciation Week
Show your child's teacher how much she is loved with one of these meaningful homemade gestures for Teacher Appreciation Week (May 2-6)!
Find Today's Newest & Best Children's Books
Looking for newly released books for your child? Try our Book Finder tool to search for new books by age, type, and theme!
8 Epic Emoji-Themed Crafts, Activities & Recipes
Check out the best emoji crafts, activities, and recipes! They're perfect for Screen-Free Week (May 2-8) or an emoji-themed birthday party.
Ready for Kindergarten?
Try our award-winning Kindergarten Readiness app! This easy-to-use checklist comes with games and activities to help your child build essential skills for kindergarten. Download the Kindergarten Readiness app today!
© 2000-2016 Sandbox Networks, Inc. All Rights Reserved.