Should You Open A Custodial Account For Your Kid?
- By
Julia Austin
Source: skynesher / Getty
It can help with college
For couples who have no idea how they’ll fund their child’s college education one day, starting a custodial account early is a great idea. While there are scholarships and other aid available, it may be not be the best idea to count on those to get your kid through college—especially since they may not cover everything. And remember that there are always surprise costs associated with college, like books, food, rent, a parking spot on campus, and so much more.
Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN
