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Use Your Frequent Flier Miles Often - If you are not collecting frequent flyer miles, you need to ask yourself why not, as they are like receiving a small gift...

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529 Plan

Definition: A 529 Plan is an investment plan that allows you to make prepayments for your child's (or your own) higher education.  Think of it as an account that allows you to save for college (if that wasn't already obvious).

One big downside:  You are only allowed to contribute up to the total amount of the college education.  So you need to be extra careful that you don't overfund the account.  Check with a financial advisor before opening one of these accounts to figure out how much you should contribute.

TeenAnalyst Advice:
529 Plans are great because they allow you to start saving for college and putting your money to work for you.  They're also nice because they don't have any income restrictions on creating these.


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Definition of the Day Economic Moat

Economic Moat ?- An economic moat is the advantage one business has over others in its field. It is a competitive edge that this one company will have over its competition. It may be the result of its name or some other aspect of their business that gives them the...

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