As a new parent, I want to give my son the world. Just the other day, my husband and I had a passing conversation about potentially saving to help Jax buy his first home. He's 3 months old, so the math is simple. If we save a few hundred dollars a month for the next 30 years, he will have a pretty nice nest egg before we know it. In working to support your own child’s future, keep non-traditional savings options in mind to go beyond college funding and other basics.
As a financial planner, I know that most parents jump to college funding when they think of saving for their children. That's wonderful, but what if college isn't the path for your child?