529 Savings

529 Savings Account. Set up a 529 Savings Account for your child from the moment they are born. Though some 529 Plans will vary form state to state, your earning should grow tax free (both state and federal). Imagine if you set up an initial account with $250 and deposit $50 every month for the next 18 years. The principle amount alone invested would be $11050 (not including compound interest). One way to look at having a better life is when you invest in your children. The better chance at success the better you will be off in the long run. Start now!!!
Why am I telling you this...
You will be amazed how many people do not know about this?