I wrote about Gemma’s gift guide this season, but one thing that B and I decided on a few months ago was to open up a savings account for her and each month put a set amount of money in there. She obviously can’t play, or rather drool, on this gift but when she is old enough, that money will be set aside for her future. (You can read all our savings plan for Gemma here!) It has been such an easy process with Frost Bank to set aside $100 a month through their app. But B and I got to thinking about other things her future would hold and hopefully going to college is in her plans. Her set aside savings will be great for her when she is older, but college savings is a totally different expense. We both agreed we would love to be able to help her as much as we can when it comes to her education.
(side note: this is her cute little tree. It still has some relaxing to do, but darn it is cute.)
We started this whole conversation about a month ago when we paid off all of Bryan’s student loans; it took us 10 years and when we finally paid them off I always envisioned us celebrating that debt gone. But instead of the huge Gatsby-like party, I just assumed we throw, we sat down with a cheap bottle of wine and started talking about how incredible it was that it took us 10 years to pay off his education and how many more years we would have to pay if my parents wouldn’t have paid for mine. We realize that with a little bit of savings, we could help Gemma now so that she isn’t stuck paying off her student loan debt well into her thirties. We started to look into her Frost Bank account and realized that we could open up a college savings account for her, an annual contribution was all that was needed. We also mentioned this to family, to see if they too would like to contribute each year to her college savings fund and everyone agreed it’s a wonderful Christmas gift each December.
Starting a new family needs a lot of planning and I’m thankful for the helpful hands at Frost Bank who answered all of our questions we had to set up this fund. So now once a month, on the 14th, we have her savings account deposit and once a year, on Christmas, we contribute to her college savings fund. And while not the most flashy Christmas gift we could find, I hope one day her savings fund helps her make her dreams come true, whatever they may be.