WTF is a 529? Should you use one for saving for education or is it easier to just have a savings account. Abby Chao from CollegeBacker walks us through what one is, how to set it up, and why it makes sense to use one for college savings.

About Abby Chao

Abby is a Co-Founder & COO ofCollegeBacker, an online service that makes saving for college simple, smart, social and most importantly accessible to everyone! CollegeBacker, has designed a service to help parents open a tax-advantaged 529 college savings plan with no minimum! Parents can then invite family and friends to contribute.Abby has helped thousands of families save and pay for college. Her modern, tech-forward approach helps the new generation of millennial parents use the right financial and social tools to save for college better, together.

You can grab a $10 match at this link if you open a 529 account! http://www.collegebacker.com/OMD/ (not an affiliate link)

Check out our transcript

The full transcript and show notes are provided by our patrons in the Purrsonal Finance Society. Find it at ohmydollar.com 

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