Chronicles Of A Father With Cents

Simple Life. Personal Finance. Family

Category: Education

Financial Mistakes Part 2 – The College Years

feliphe-schiarolli-445578After reading many bloggers’ financial mistakes on the chain, I discovered that I have more than I identified on my first mistake post.  Therefore I decided to put out more Continue reading

I Need to Open a 529 Account, Right?

One of the first things I wanted to do when Mother with Cents was pregnant was open some sort of college fund for our newborn but had no prior knowledge of it. When I
researched and discovered 529 accounts, I had to get a details of why is it better to open one than a good old savings account, the tax advantages, what type of investment plan I should do, which state should I open the account with..etc. As I went through all these questions, a bigger question hovered over me: What if our son does not want to go to college at all?

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