Let's open up my unborn baby's first investing account!

@lizbettalksmoney

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NY's 529 College Savings Program

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The video provides a practical, step-by-step guide to a topic many parents are interested in (saving for college), presented in a relatable and accessible way by a creator who is personally experiencing the situation (pregnant and opening an account for a new baby).

Summary

The creator demonstrates how to open a 529 college savings account for her unborn baby, opting for New York's program due to tax incentives. She walks through the online application process, including setting up contributions and choosing an investment strategy, highlighting the benefits and requirements of such accounts.

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Transcript, structure and on-screen text

6 beats, a 643-word transcript and 131 lines of on-screen text — the parts you need to write your own version.

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Original caption

I’m not a financial advisor! This is what I tell my friends to do, and thus I’m sharing it with you *as a friend* 😉 PSA: Financial mask goes on YOURSELF first, which means your retirement investment takes *priority* You can open the account with $5 and get that 15-year clock ticking, and once they turn 4 (or so), get them started with allowance so they can start putting more towards their investing account. In the meantime, gift money can get invested 🙌 For allowance, my KidzCANBudget binder is linked in bio. 💚 #familyfinances #kidsandmoney #familybudgeting #financialliteracy #allowancemoney