Child savings plan

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College Savings Plan, 529 College Savings Plan, College Savings, 529 Plan, Finance Lessons, Saving Plan, College Life Hacks, Invest Money, College Planning

It is well known that 529 plans are the best way to save for your child’s higher education expenses. 77% of parents who are saving for their child’s college expenses are using a 529 plan, according to the College Saving Survey by Savingforcollege.com. And with over 80% of parents wanting to pay for at least 50% of their student’s expenses, we all want to be prepared and start saving early. But what happens to your 529 savings if your child doesn’t go to college? Does a 529 plan make sense if…

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