If I'm honest, I didn't get everything I wanted.
I'm a big believer that graduating from college without any (or very little) debt is one of the best gifts you can give someone.
So after my daughter was born, I started thinking about what I could do now to help her out in 17-plus years.
I had three things on my savings wish list: 1) the ability to auto-contribute each month, 2) a good interest rate, and 3) the flexibility to do what I wanted with the money.
In the end, I opened a 529 college savings account, which met two of my three requirements. Here's why a 529 is great, why it's not so great, and what I've learned from the process:
1.) ✅
2.) ✅
3.) 🚫