This weeks question is from Matthew: I am aware of 529 college savings accounts, but I dont have children of my own who may benefit from one.
Be sure to have the following available: Student Beneficiary's name and GET account number.
If so, let them know to get a code from their participating website so you can enter it to give a gift.
You are no longer inviting them just because they are important - there is some transaction that you are expecting to take place as well.Love, SavvyFi Have you asked for college fund money instead of gifts?Ariely illustrates this concept in his book, Payoff: The Hidden Logic That Shapes Our Motivations. .What are your favorite and least favorites ways to do so?What are some considerations for gifting a 529 account to someone else?Beyond that, you could give the old standby of bonds or cash, earmarked for college expenses.Money is typically perceived as a less socially-connecting gift than tangible items.When Santa leaves the houses of good little boys and girls tomorrow, parents are still left with the worry of how they're going to pay for their children's educations.Are there upper or lower balance limits for opening one of these accounts, and do I risk putting the recipient over mens 40th gift ideas their upper limit through a gift?Does the state matter, or can one shop around to find the state with the most generous plan, even if neither the giver nor the recipient live there?But you are their child, and you are raising their grandchild.They can use the ugift site, families can give each other a code they generate in order to give to child online.Know your audience though some folks will think its tacky no matter what.This same effect can occur with gift giving. .