Comments on: Did You Put A Savings Account On Your Baby Registry?

By: Jacky

Jacky — Wed, 07 Jul 2010 21:28:25 +0000

That is a fantastic idea! It would be great to use for even Christmas or Birthday gifts.

By: Celia

Celia — Fri, 25 Jun 2010 01:20:33 +0000

Not a bad idea. I've already done my baby registry but hadn't thought about starting a savings account this soon. Thanks!

By: Sunday’s Sites – Kids and Money Edition | Suburban Dollar

Sunday’s Sites – Kids and Money Edition | Suburban Dollar — Fri, 19 Jun 2009 14:36:26 +0000

[...] The Passive Dad asks if with all of the other items on your baby registry, did you include a savings accounts? [...]

By: #026 — Links O’ The Week | MyMoneyMinute.com

#026 — Links O’ The Week | MyMoneyMinute.com — Sat, 14 Mar 2009 17:17:57 +0000

[...] Putting a Savings Account on Your Baby Registry [...]

By: Isabel

Isabel — Mon, 09 Mar 2009 16:57:44 +0000

I opened up a 529 for my son before his first Christmas and encouraged grandparents/aunts/uncles to consider it rather than flooding him with toys he didn’t need. If they seemed interested, I shared the process for contributing directly to that account. Most of them thought it was a great idea. The rest gave him toys.

That said, I think this would be really inappropriate to ask for an investment-type gift for a baby shower. People want to buy necessary stuff and/or cute stuff for baby showers; that’s kind of the whole idea. And even though I personally far prefer to get practical gifts — like gift cards or diapers — at showers, an investment vehicle is taking that a bit far. (Don’t get me wrong — I’d be thrilled if someone came up with this idea on their own. But I’d NEVER suggest it. It just seems crass since it’s outside the scope of baby care essentials.)

My favorite shower gifts were handmade blankets (personal), carseats (practical), and a Willie Nelson onesie (just plain cool).

By: megs

megs — Mon, 09 Mar 2009 15:25:24 +0000

I am pregnant…10 weeks. I opened a new savings account almost immediately after we found out and started stocking money away. Not for the kid but for us and for the expenses I know will come up.

I have no intention of saving our money for our kid to use for college. He/She will get a job and scholarships or join the military.

By: John

John — Mon, 09 Mar 2009 13:48:39 +0000

That is a great suggestion. I never thought of doing that before. Putting money in a savings account is better than getting products you will never use or duplicates.