Want to start a savings for my daughter

[COUGZ]

Originally Posted by Mormon Red Death

I would go with this (below) if I were you. Its rated as one of the best plans around. Additionally that is a lot of money for a kid if you aren't saving for retirement. Save for retirement first then the kid.

http://www.savingforcollege.com/529_...ils&plan_id=52

First off...thanks to both you and Fusnik for the information...

I am a little hesitant to invest in a college education fund because I don't necessarily want it to go to only college education. I want this money to be money that my daughter can go to school with, pay for her wedding, etc...

Maybe I misunderstood, but that is what I am looking for. Maybe some mutual funds would be a good option that I can put money into on a montly basis for her.

[SteelBlue]

Originally Posted by MikeWaters

my parents' way of helping me out was telling me from a young age that they would not help me out.

There are pluses and minuses to that approach.

That was pretty much the same approach my parents took. "Son, I have six kids. I can't pay your way through college, but you're going." He did tell me from the get go that he'd cover my mission. So, I was able to save quite a bit for college.