While you are busy spending to get the best looking nursery for your newborn, purchasing toys for your kids or spending on photo shoots for memories, have you ever thought how to secure a future of your little one? Here how it is, why not start saving a little along with all the expenses?
Education is one of the most important thing in one's life. Every parent dreams to provide the best possible education to their children for their bright futures. We can not deny the fact that college and education are getting a bit out of control and expensive. It's always good to start early planning and saving for your child's future education to overcome many obstacles in life.
There are many ways out there to save for child's better future. One of them is GradSave and my favorite too.
What is GradSave?
GradSave is an online registry program which allows parents, grandparents, family and friends to gift directly to child's college savings plan and save for your child's future education. Whether you are expecting or already a parent, you can start saving as early as you want. Your family and friends can give the lasting gift of an education in lieu of traditional gifts at events such as birthdays, Christmas or other holidays.
What could be a better gift to your baby than securing their future education?
How it works?
Simply register as a member with GradSave, it's free! Create your child's profile (you can create your baby's profile even if you are pregnant and haven't decided a name for them), setup your goal. Then go to the gift card page and order a gift card. Starting at just $25, this is the best gift for your child for any occasion making it easy for parents, grandparents, family and friends to make a monthly contribution towards a college savings plan. You then redeem that gift card to your child's profile and this shows a process towards your goal of savings.
What is a 529 plan?
A 529 college savings plan is a great way to start saving for a child’s future. With a 529 plan, you have the ability to save for your child’s college education by contributing funds to an account on a tax-advantaged basis. The savings are then invested, much like contributions to a 401(k), or used to purchase units or credits from a college or university, depending on the type of plan you choose.
The above plans are administered by the state government or the universities themselves, so you do not have to worry about anything. They make sure that your money is safe and secured.
Note: Even if you do not have a 529 saving account you can still open a GradSave account for free. All the money you save is secured in a FDIC insured account until you decide to link any college savings plan to your GradSave account.
You can set up a 529 plan anytime and anywhere in the country as there are 529 plans available in 50 states of US as well as District of Columbia. You can open a 529 plan by either through the state website 529 website or you can always talk to a financial planner. There are 3 types of 529 plans, you can choose your own saving plan as they all provide different savings benefits.
On an awesome note, GradSave is generously offering free $10 gift card codes to PregnancyForum members to kickstart their child's college savings today. Just leave your name and email below. To learn more, check out: Free GradSave gift cards for PregnancyForum.org members
Last but not the least!
GradSave is giving away a $10,000 schorlarship! Enter for your chance to win! Very easy to enter and absolutely free. Who wouldn't love to win a $10,000 schorlarship? Click here to enter GradSave $10,000 schorlarship sweepstakes!
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