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College savings plans anyone?

post #1 of 4
1/17/10 at 11:11pm
Thread Starter 
We just had our first child and I was given some money to start a savings account for him. I wanted to start a college fund for him but don't know where to start. I googled it and a ton of stuff comes up. Should I do a savings account or an investment fund? What have you guys done?
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post #2 of 4
1/17/10 at 11:32pm
We had our first child last Oct. In July, I started a 529 plan through the state of Michigan with an initial deposit and automatic payroll deductions. I have it diversified into various funds that are offered. It's all in stock funds since we wont be touching the money for 18 yrs.
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post #3 of 4
1/17/10 at 11:34pm
Thread Starter 
Thats cool because I live in Michigan as well. Do you know what the minimum is to open one?
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post #4 of 4
1/18/10 at 12:45am
Not sure about a min, or if there is one. I opened with $500. This is where I opened the account: www.misaves.com
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