CBC ladies: Do you or will you have a college savings plan for nieces/nephews?

posted 3 years ago in Money
Post # 3
Member
2879 posts
Sugar bee
  • Wedding: February 1998

@peasantsong:  what a really lovely and thoughtful idea:) 

Post # 4
Member
2992 posts
Sugar bee
  • Wedding: May 2014

A very nice thing to do. No, I have not nor plan to start college funds for nieces and nephews.

 

Post # 5
Member
1548 posts
Bumble bee

@peasantsong:  im not cbc but that’s absolutely a great idea and such a nice gesture

Post # 6
Member
10487 posts
Sugar Beekeeper
  • Wedding: January 2011

Nope, as my parents will likely take care of an RESP for my side, and no one is ready for kids on DH’s side.

We don’t have any nieces or nephews yet, but I suspect once we all start getting older we’ll make them beneficiaries/include them in a will.  I hope we’re still alive when they are in university!

 

Post # 7
Member
6960 posts
Busy Beekeeper
  • Wedding: October 2015

I’ve thought about this but ultimately feel it is my sister’s responsibility. This is probably just stemming from her relying on my help too much in general.

Post # 8
Member
1749 posts
Bumble bee

I don’t have any if those! No siblings! i do have a baby cousin who is about 5. I shall not do anything for her college as she is, and will be, far wealthier than I.

Post # 9
Member
182 posts
Blushing bee
  • Wedding: October 2014

That is an AWESOME idea! I am not having kids myself but I am SUPER close to my brother and his daughter. I might have to do this myself.

Post # 10
Member
1112 posts
Bumble bee
  • Wedding: August 2013

I don’t think its an option for us, between us we have 4 brothers and a sister. If they each had 2 kids that would just be too many to do it for.

Post # 11
Member
5192 posts
Bee Keeper
  • Wedding: April 2013

We aren’t decided on the children topic yet but will likely have them.  I have always joked though, that if we don’t have kids I’ll really start sucking up to nieces/nephew by doing things like paying for their college and taking them on cool trips abroad…all this in the hopes that they will be grateful and visit me when I’m old.

Mua ha ha ha!

(I kid)

I think what you’re doing is a lovely gesture!

Post # 13
Member
998 posts
Busy bee

DBF and I haven’t decided on kids yet, but even though we’re young, I could see us going either way. Although I like the idea of contributing to the school savings for nieces and nephews, I am pretty distant from my only niece because I feel like I’m growing apart from her mother, my sister. I wouldn’t be opposed to contributing to the account my parents set up for her in the future, though.

My brothers seem like they are unlikely to have children anytime soon, if at all. That especially goes for the only one I am close to; despite expressing an interest in settling down and having children, he has autism. Since he’s only beginning to make friends a month shy of 22, I don’t see him in a relationship for a loooong time. And DBF’s family comes from a younger family than mine, so it’d honestly be disturbing if he was an uncle through his brothers right now.

 

Post # 15
Member
660 posts
Busy bee
  • Wedding: April 2013

Ha! before dh and I met he told his brother and sister in law that if their 16-yr-old got into MIT, he would foot the ENTIRE bill. I would love it if we could only be in that position! 

Post # 16
Member
1112 posts
Bumble bee
  • Wedding: August 2013

@peasantsong: That does make sense. But we both want to be teachers and do missions, so still not an option! 

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