I started a 529 college savings plan when my son was a baby. Although money is tight these days, I still prioritize his future.

The author and her husband opened a 529 for their son's future.Courtesy of Annie Boyd SowellWe started our family young and quickly realized the importance of planning for our child's future.Despite more immediate financial pressures, we prioritize our child's 529 savings plan.We are now committed to long-term financial planning and legacy building.In 2021, my husband and I were only one year into postgraduate life and very new to marriage. At the time, our financial literacy left a lot to be desired, and being new parents only complicated all of this.As our son grew month after month, we started thinking more seriously about his future and that of our family.The phrase heard so often, "The days are long, but the years are short," started to feel very real as we navigated the first year with our son. We knew that while the day-to-day may feel overwhelming, many years from now, we'll look back and wonder if we had made the most of the years that flashed before us in a blink.That's when I knew it was time to start saving for my son's future.We chose a 529 planOur knowledge of financial planning for the future was limited. Being a researcher by nature, I scoured the internet, listened to podcasts, and spent more time than I'd like to admit playing with projection calculators. This carried on for months, and when our son was nearly a year old, I opened a 529 account in his name.I chose this route for a few reasons: tax-free growth and withdrawals, the freedom to apply the funds to trade schools and more alternative paths of education, and the ability to use the funds for his K-12 schooling.We've contributed to our now four-year-old son's 529 college savings plan every month since, even when it's not been easy. It's not a flashy or exciting decision, and it's not one that we made because we simply have piles of extra money lying around.Like most parents of young kids, we're juggling the usual financial pressures: a mortgage and costs of homeownership, a car payment and vehicle maintenance, high grocery costs, and the real, ongoing expense of raising a child in today's economy.But this particular choice to invest regularly in our child's future, even when other needs compete for our dollars, has become a cornerstone of our family's financial mindset.Our small contributions still add upAt first, the contributions were small — $25 here, $50 there —whatever we could manage in those early months.But gradually, I stopped seeing it as a "nice-to-have" and started treating it like a non-negotiable. Today, it's baked into our monthly budget, right alongside the mortgage and the utility bills.We know we won't be able to cover every dollar of our son's future training and education, and that's OK. The point isn't perfection. It's preparation.Now and as he grows, we will be intentional about modeling the value of hard work and financial stewardship. He'll know that while we've saved and planned ahead for him, he will also have a role to play in his education —through effort, responsibility, and ownership of his own goals.Preparing for his future is part of our legacyIt's hard to think long-term when short-term costs are constantly staring you in the face. And yet, I believe that choosing to save for our child's future, even when it requires trade-offs today, is a powerful act.More than a financial decision, it's one rooted in legacy. What does it really mean to raise kids while also building a life shaped by purpose, stewardship, and vision? For me, it looks like this: planning for the future while still being present, setting systems in place that reflect our values, and staying the course — even when things aren't perfect.Of course, there are seasons when saving takes a backseat to survival. I know what it's like to weigh the cost of diapers against car repairs or a new HVAC system. But I've also learned that progress requires consistency and a willingness to begin, even if it's small.So every month, we keep showing up for our future and that of our son. Quietly, steadily, and with a lot of heart.One day, when he's old enough to ask why we made the choices we did, I hope he'll see that we believed in his potential, that we thought ahead, and that we made room for his future in the middle of our very full present.Because to us, that's what legacy really is: not grand gestures, but intentional ones.Read the original article on Business Insider

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