We'll it's official, the boys now each have their very own college savings plan. Hopefully they'll go to college one day, and even though we probably won't be able to save enough to pay for all of it, at least we'll be able to help a little bit. So we started up a 529 educational savings plan for each of them. One way that we are hoping to be able to contribute more to it is by asking their grandparents to donate to it at Christmas and birthdays instead of buying toys. They have enough stuff as it is, and this way it's helping build a better future for them instead of just cluttering up their room. (and contributions are tax deductible) So one day they may think we're pretty lame if they find out we told grandmas and grandpas not to buy lots of toys, but hopefully later they'll appreciate it when they don't have to worry so much about how to afford an education. If you want some info so you can open one for your kiddos go to this site to look at all the plans for each state or click on the picture for Utah's plan. One of the great things is that you can change the beneficiary anytime, as many times as you want, so if one kid doesn't use it you can give it to another or use it for yourself, or any other family member down the road.
