6 Reasons To Review 529 Statements With Your Teen

How much does your teen know about the 529 account you opened for college savings?

Nothing?

That’s the norm. Pretty dry stuff for a teenager.

Here’s a radical suggestion.

👉 Review your 529 statements with your teen.

And do it every quarter.

Yes, your initial sessions will be greeted with eyeball rolls, yawns, or worse. But keep up the good fight.

Through your consistent and repetitive efforts, your teen will gradually learn the following:

29 Tips for Teaching Your Kids to Stack Benjamins from Joe, Tai, Len, and Bill

Your kids know how to stack blocks, but do they know how to stack bills? How about 100 dollar bills? You know, the “Benjamins.”

They will if you listen to last Friday’s episode of the popular personal finance podcast Stacking Benjamins. The host, Joe Saul-Sehy, invited me to join fellow panelists Len Penzo and Tai McNeely in a lively round-table discussion on teaching kids good money habits. Joe plucked a range of topics from three recent articles.

Here’s an outline of the discussion with the 29 key points and tips. Check out the timeline if you want to jump right to your favorite spots in the podcast:

Is Your 6 Year Old Saving for College Yet?

How in the world can a 6 year old making in the neighborhood of $6 a week contribute meaningfully to a college savings fund? Easy. A “micro-savings” card, a split, and a Gift Of College account will do the trick.