Question by Dillon: What is the best way to save my money for college?
Im 14 right now going into high school and i have around $ 300 and saving to get $ 1000 as soon as i can. What is the best way to put in my money and let it grow. I have bank of america and i get $ 120 a month. Should I open a CD or is it worth it because of the economy?

Best answer:

Answer by Plea_of_insanity
Ask your parents to open a 529 plan.

A 529 is an investment account used to save for future educational expenses. Money is deposited into the account, and it is invested in various mutual funds, and it generally grows over time. Then, when you start college, you withdraw enough money to pay for your tuition, fees, books, supplies and equipment. And the best part is, any earnings you’ve made are tax free.

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