Hello everyone,

So, one of my cousins brought up that she made an investment account for her son. She was explaining to us that it is a good way of saving up to her son since she contributes to it every paycheck. I was thinking on doing it but I don’t know. Has any of y’all done it?

I was also thinking about opening a college savings account so my children does not have to depend on financial aide like I did but one of the cons for this is that they won’t be able to use it for anything else like a business, maybe to help for a down payment for a house or car or any kind of emergency.

Has anybody done the investment or the college one? I was also thinking about doing both of them, and send it to my relatives for like their birthdays or Christmas.