whats your input on the gerber savingsplan for child's future education. the one that advertises less than a dollar a day....is it worth it. how does it work...
2006-12-20 15:28:02 · 4 answers · asked by klumzy 3 in Pregnancy & Parenting ➔ Newborn & Baby
I wouldn't say it is. Because if you miss a payment which times can turn rough the money you saved is pretty much theirs. I opened two savings accounts for my two children at navy federal for $10 for both of them, and I have two piggy banks for them and its about $50 dollars a month of change each that I put into the accounts I usually put 30 to 50 dollars extra into the bank a month for them. by 18 they will have 17,280 both the premium will rise higher and higher and you sometimes might run into a rut and can't pay. Give your child your extra change, it always helps
2006-12-20 15:38:56 · answer #1 · answered by fourcheeks4 5 · 0⤊ 0⤋
I did that for a while and I think its a good plan but I believe it only goes up to age 21. You should look in to the Educational 529C for your state. Its a great way to start saving for your child's college and it is tax deductible unlike Gerber.
2006-12-20 23:37:54 · answer #2 · answered by chocolatebabycakes 4 · 0⤊ 0⤋
Yes - insurance is great too!
Simply follow the instructions!
2006-12-20 23:30:56 · answer #3 · answered by Marsha 6 · 0⤊ 0⤋
I RECCOMEND THE GERBER BABY THROW-UP PLAN
2006-12-21 00:22:14 · answer #4 · answered by poopoop987 1 · 0⤊ 2⤋