Over the last couple years there have been weekly savings plan posted that allow for small contribution weekly, usually a $1 per week, that add up to a nice sum at the end of the year. For some that $1 plan was perfectly but I have heard from others it was downright too easy, so in order to make it worth some people’s effort I have created a $2 and $3 savings plan. I will be honest, the $2 plan is pretty challenging and the $3, well let’s just say at the end it becomes almost impossible unless you are REALLY dedicated. Personally, I will be trying the $2 plan, so who will be joining me?
I recently had a friend that asked me about a plan that allowed for someone to contribute to a savings account for college and it grow with interest that plan would be the 529B. The 529B is a tax-advantaged investment plan in the U.S. designed to encourage saving for the future college expenses of a specific child/person.
Two types of 529b are the prepaid or savings plan.
It is December so that means Christmas, but for thousands of students it also means graduation. Graduation is a day most of us look forward to since the first day of stepping onto campus. It's the day our hard work comes to an end and our career begins... hopefully. So let's talk about post graduation finances...
Time to Celebrate!