Archive for the Baby

529 Plans versus Savings Accounts

Shortly after Penny was born, we opened her up a savings account. Any money she receives from birthdays, holidays, grandparents, etc, we stash in her savings account. She’s got a nice little nest egg that hopefully we’ll be able to help her grow over the years. Now that we finally got our IRAs opened with Vanguard and we’ve been really happy, I’m considering opening up a 529 plan for Penny with them.  I have some hesitations, and I definitely need to do more research but it’s something that probably would be a really good idea. A 529 Plan would allow us to save money for her college education while receiving tax advantages.  The downside is if she decides not to go to college we’d be subject to income tax plus a 10% penalty.  Ouch. One of the biggest concerns I have about opening a 529 plan is if Penny decides college is not for her and the money will be taxed and penalized.  Of course we would love for Penny to attend college and become something she would love, but […]

[ Read More → ]

All About Cloth Diapers: Flats and Prefolds

Cloth diapering is an excellent way to save money and reduce waste.  Disposable paper diapers are made with dangerous chemicals, use resources, and can take over 500 years to break down in a landfill.  Before we got pregnant, I made the decision to cloth diaper Penny for all the aforementioned reasons.  We decided to buy cotton prefold diapers and PUL (Polyurethane Laminate) diaper covers to try.  I’m very glad we did, as they worked fabulously for us while we used them.  Unfortunately, she is sensitive to wet cotton rubbing her and would get a rash so we had to switch to a different kind of cloth diaper. Flat diapers and prefolds are an excellent way to start cloth diapering.  Flat diapers are “old school” and are pieces of single layer cotton fabric measuring about 27×27 inches.  They need to be folded in a certain way before being put on the baby, and there are many different folds available.  Flat diapers are the least expensive option for cloth diapering. One option for cloth diapering is to buy 24 flats and 4-6 […]

Related Posts Plugin for WordPress, Blogger...[ Read More → ]
  • Archives

  • Find Us on Facebook!

  • Categories