As of today our daughter has a savings account. She doesn't even officially have a name yet. This account is designated for her college fund. Once she gets older she can open a checkings/savings account of her own. I decided to go with an online bank as they offer a higher APY than a traditional financial institution like JPMorgan Chase, Bank of America or Wells Fargo. You do know what an
APY is right? The account is through
SmartyPig and besides the high yielding interest rate they also offer the opportunity to allow our friends and family members to help our daughter save by sharing our goal, all while keeping our personal information safe and secure.
Should anyone feel extra generous over the next 18 years, now you have the opportunity to contribute to one of the most important things anyone can possess; a college education. There is a link in this post and in the sidebar that will connect you to her account. You will have to register with the site to contribute, but shouldn't we all be saving money anyways?
Donate Now!
1 comment:
Very funny! And true. College education is very expensive but a much needed tool to survive.
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