Blog
Learn about 529 plans and how they can enhance your child’s future.
Business News: Venture Nashville Post
SavvyFi recently made news over on Venture Nashville! Content from site quoted below: "FINTECH: Nashville's Savvy Financial Inc. (SavvyFi) filed in August for a $2MM raise they began in 2018, now showing $755MM in. Savvy was was formed in 2017 by Jeffrey...
Crowdfunding Gifts To Your Baby’s 529 College Fund
Crowdfunding and crowdsourcing have become more and more prominent in today’s society. Startups are using Kickstarter to crowdfund their initial investments. Many major companies crowdsource innovation by posting open challenges for the smartest folks in...
What Is A 529 Plan? Tax-Free College Savings Explained
Only 33% of U.S. parents are aware of 529 plans, according to an Edward Jones survey. This means that less than 33% actually understand what a 529 college savings plan is (as opposed to those that recognize it by name only), and even less have adopted one for...
Should You Pay Off Student Loans Or Save For…
The “Should I pay off my student loans or save for ___?” question has become much more important as of late. The average student loan debt for Class of 2019 graduates was $29,900. With the standard 10-year repayment term, this generally equates to a $300...
List of “Eligible Expenses” for 529 Plans
One of the major friction points for parents when deciding to enroll in a 529 college savings plan is the potential consequences of not using the funds for eligible, or "qualified," higher education expenses. It’s no surprise, qualified expenses for 529 plan...
Grandparents vs. Parents: Who Should Own The 529 Plan?
Data shows that new parents are more motivated than ever before to save for their children’s college. However, there are a quite a few barriers keeping new parents from doing so. Finding the time to sort through all of the savings options is often not...
How to Ask for College Fund Money Instead of Gifts
Millennial parents are tired of their little ones getting “stuff.” There’s “stuff” all over the house – all over the floors – and more “stuff” is constantly coming in by thoughtful friends and relatives. Rocked by student loans from their own college degree,...
How Two Parents Asked For College Fund Money Instead of Birthday Gifts
These parents used the right wording and SavvyFi’s college savings app to ask for college fund money instead of gifts on their daughter’s first birthday...and received over $900! See how they pulled it off! Emma Is Turning 1! It was their...
What Happens to My 529 Plan If My Child Does Not Go to College?
You’re finally ready to start your child’s college fund. You’ve decided on the 529 plan as your account type, which is a pretty solid choice, but there is one last question you must answer before finally pulling the trigger: "What happens to my 529 plan if my...