Definately...have had them since birth. We contribute monthly and then both sets of grandparents contribute monthly as well. Dh's parents gave us large amts to start the funds off when the kids were born, which was great. They'll be able to go to any college they want when the time comes...and if there is any left over, they can use it as they wish.

I voted no. Dh & I have yet to start saving for retirement.. so that is a priority. The kids both have a savings account that their birthday $$ goes into, and times have been so rough in the past I have had to use some of that $$ for shoes so they wouldn't be barefoot.

It is our plan to pay for books, and to be able to send gift $$ throughout the year when they are in college.. but grants & scholarships will have to pick up the slack. If we are in a financial situation that we can afford to help more I will probably start prepaying any student loans they incur while in college (so that the interest doesn't accumulate interest)

My Daughter has a saving account we transfer a little bit into it every month kind of like an allowance. It will be her start off money weather it goes toward college or something else it is there to help her establish herself

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Kimberly Proud Mommy to Bethany Rose April 2006

We have a savings account for both of our kids. We put a little money into it every pay check and any money they get for birthdays or Christmas goes into that account. We consider it designated for their education, but it's not "officially" set that way. When they get enough, we'll roll it into CD's.

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Mom to Rachel (11/12/03) and Joshua (12/29/05)

My kids have a small savings account each. We used to have a prepaid plan for one of the twins and was planning to set up one for her sister later. However, when we were surprised by our third child, we had to have it refunded to us to pay off some debt.

Yes we have college funds for both of our children. We only put in a small amount every month but plan on increasing that amount when I return to work next year.

I worked it where if my ds doesn't go to college then the money is mine. I have a 529 plan, a custodial savings account and 1000.00 in savings bonds. So if he wishes to to go to college I am more than willing to *help* pay, but if not he gets nada.

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SESmama

Each of my 3 kids have a 529 account and we have a Upromise account. Any online shopping I do I go to Upromise first to ensure I get savings that way. We also have a Upromise credit card that we only use if it will be paid off monthly and that earns us $$$ too. My kids also have savings bonds.

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My kids have a money market type savings account designated for education. We don't deposit money into it every month, but we hope to when I go back to work. We deposit birthday and Christmas money into it each year. They both also have savings bonds that they have gotten for birthdays, Christmas, church dedications, etc. The accounts are in our name, so if they choose not to go to college or trade school, my husband and I can decide what happens to the money. We hope to have enough money to offset the price of college or trade school, but not totally pay it. My parents paid for my books each semester and let me live at home rent free while in college. I had 2 jobs while in college, so I have very few loans that were paid off within 2 years of graduating. My husband got a football scholarship for most of his, but his parents were unable to help him and we paid his off within a year of getting married.

Our kids have savings accounts, that from time to time, we contribute to, but the funds that go into them come from birthday, Christmas, and chore/work money. My parents pay the kids to do little "odd" jobs around the house & yard. For instance, my step-dad gave each of the kids a bucket, and told them he'd pay them a quarter for each pine cone they picked up in the yard. I don't know how many pine cones they picked up, but I know my parents paid each of the kids over $30 each!! LOL They also put loose change in those plastic eggs at Easter, for their Easter egg hunts. They usually come away with at least $10 or more. Right now, at the age of 7, they both have over $700 in their accounts.

As far as us setting up an account solely for their educations....it's not going to happen...EVER!! Our retirement is our top priority for now. However, we plan to help in any way we can, so they're not as burdened with a large debt after college.

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~*~ Angie~*~
Wife to Brian
SAHM to Sarah & Andy 2/11/2000