Thanks for your comment. I agree that Family Money is so key right now. And, it cuts in all directions: Parents, children, grandparents, grandchildren. We all need a variety of help with our financial planning.

Health care is such a huge component of family money. Watch this space because we’re going to use it to further the discussion of health care and what options we have as we age. For news about Medicare, check out this new website: http://www.MedicareNewsGroup.com.

Thanks for checking out family money. I hope you’ll be a regular visitor and will share this with your friends and family.

Congratulations on your pregnancy! Being a mother has been one of the defining experiences of my life. I have loved raising two boys (Alex, 16, and Michael, 14)and am so excited to watch them enter new phases. (I have to be honest, though, I don’t miss midnight feedings!)

It’s a wonderful thing that you’ve managed to save up around $3,000. That’s a great start to your child’s future college tuition. Once the baby is born, you can open up a 529 College Savings Plan (check out http://www.savingforcollege.com) which will allow you to invest in mutual funds and not pay taxes on the earnings as long as the funds are used to pay for legitimate college expenses.

You, as the baby’s mom, can put in a significant amount of cash each year. Starting this fund out with $3,000 is a great way to start, and then you should make the commitment to put a little bit toward the account each month, so it becomes a habit.

The Georgia program is a good one – and if your child winds up getting free tuition (if they still have that program in 18 years), you can use the funds for college.

Good luck, and thanks for stopping by.