
Time Can be Your Friend
People live by the calendar and operate by the clock. When you are late turning in your papers, your grade gets lowered. When you don’t pay your bills, you get stuck with a penalty. If you are late finishing some work, you may be out of a job. It can seem as if time is your enemy, but you can make it your best friend!
Friendship with money can change our lives. Time is our greatest asset to grow all other assets, creating the opportunity for investments to flourish. Obviously, parents want to do whatever is in their power to help their children get a leg up in life. Multiplying money by time makes more money, money that can provide children a quality education, that can play a huge role in your kid’s success for years to come.
The days can seem long at times, but the years go by fast. It’s never too early to start planning for your child’s future. If your goal is to save money for college - U-Nest is your first choice.
U-Nest is a financial app that helps families save money for higher education. While a typical savings account earns only a little bit of interest, really just sitting there inert, U-Nest’s experienced financial advisors know how to multiply money for smart parents, using time, experience and a tax-free educational plan. You work hard for your money, let time work hard to make more for you!
Let’s say when you take those hungry kids to Costco every week you stop and spend $5 each time you pass the Dollar Tree store. That’s $260 per year. If you skip the store and instead deposit the money in a U-Nest college account for 10 years at 5% interest, you’ll end up with over $3,400. Keep going for 8 more years and you’ll have over $7,600.
Now imagine that same savings account gets boosts along the way from a grandparent or auntie or anyone else who loves your family. If you open the account with $1,000 and keep up your deposits for 18 years, you’ll have over $10,000.
Time can be on your side! It’s time to get U-Nest on your side! U-Nest can nurture your money while you concentrate on nurturing your family.
This material is for informational purposes only and should not be construed as financial, legal, or tax advice. You should consult your own financial, legal, and tax advisors before engaging in any transaction. Information, including hypothetical projections of finances, may not take into account taxes, commissions, or other factors which may significantly affect potential outcomes. This material should not be considered an offer or recommendation to buy or sell a security. While information and sources are believed to be accurate, UNest does not guarantee the accuracy or completeness of any information or source provided herein and is under no obligation to update this information.
Don't just take our word for it
Hear what trusted money experts say about why UTMA and UGMA accounts can be a smart way to invest for a child’s future.
There are some tax advantages to using UGMA and UTMA accounts… Since they’re in your child’s name, the accounts will be taxed according to their tax bracket… There are no contribution limits on UGMA and UTMA accounts.
Dave Ramsey
Personal Finance Expert
Read
Tap to flip back

Investing for your kid’s future
Dave Ramsey
Personal Finance Expert
Tap for more
...you could consider opening an account where you can dive deeper with the kids by your side. The easiest way to do so is to open a custodial account, known as an UGMA ... or UTMA ... account.
Jill Schlesinger
Emmy winning Business Analyst
Read
Tap to flip back

Straightforward “starter” investing account for kids
JILL SCHLESINGER
Emmy winning Business Analyst
Tap for more
You can give children money that can accumulate somewhat tax-free over time... I love them (UTMAs) because they were like, trusts that you didn't need lawyers to create.... I think it's one of the better tax breaks around though. I know hunting for tax breaks may not sound very exciting, but that's how you take care of your family.
Jim Cramer
CNBC Host
Watch
Tap to flip back

Give children money that can accumulate over time
Jim Cramer
CNBC Host
Tap for more