This year Mother’s Day spending will reach an estimated $23.6 billion. Although the strength of the economy is a key driver of this spending, another factor includes people buying gifts for all of the other mothers in their lives — not just their own mother.
A few minutes ago I sat down with my five (almost six!) year-old niece. I explained to her that instead of getting her a toy or clothes for Christmas, I put money into an account that she can use for college. I'm referring to her 529 account. A 529 account is just tax deferred savings account for educational expenses. You