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savings account for kids...

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koala
LIF Toddler

Member since 1/11

386 total posts

Name:

savings account for kids...

DH and I just opened a savings account for our DD. We'll contribute to it ourselves and of course will deposit all monetary gifts she receives. I'm just curious when everyone plans on giving their DCs the money from their accounts...to buy a car? when they turn 18? when they go to college? Also, are you opening a separate savings account to save for college tuition?

Posted 11/21/11 11:16 AM
 
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hazeleyes33
LIF Adult

Member since 5/05

13060 total posts

Name:
Ginger

Re: savings account for kids...

My dd's and ds's money saved in there goes towards college.

Posted 11/21/11 11:35 AM
 

Lucky
Growing up fast!

Member since 4/07

12683 total posts

Name:
Dawn

Re: savings account for kids...

We have a 529 for college.

Posted 11/21/11 11:40 AM
 

JennB
My princess <3

Member since 5/09

2473 total posts

Name:
Jenn

Re: savings account for kids...

We hope to be able to give it to them for a home - we would like to pay for college IF we can. If we can't, the money from the account will be used

Posted 11/21/11 9:53 PM
 

BaseballWidow
*****

Member since 8/08

6657 total posts

Name:

Re: savings account for kids...

We have hers set up so that it becomes "hers" at 21. Not sure what the intention is for the money right now. Maybe grad school or toward living expenses after college? She can decide.

Posted 11/21/11 10:10 PM
 
 

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