Thursday, December 30, 2010

Never Too Young To Save

Rudy is totally pumped about his savings plans. His grandma got him started with the bottle bank which is about the same size as Rudy at 7 weeks old. Rudy already has received several loose change contributions.

Rudy also has a savings account. The interest rate isn't much to write about but it's more than he's making on the bottle bank.  Minor savings accounts are cool because you don't need a minimum balance. Not that Rudy has any problem in this area...yet.  Rudy's just getting started.

I see CDs, IRAs, and Stocks & Bonds in his future.  Maybe even a 529 after his first IQ test.

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