College Choice 529

For Indiana taxpayers who have children or grandchildren who will eventually go to college, here is one way to get 20 cents on each dollar you put into a tax free 529 account for your kids.  The limit is $5000 per year (regardless of how many kids).  If you put in $5000 in a 529 this year, you would get a $1000 tax return check, or $1000 off your tax bill.

google college choice 529 if you are in Indiana.

Why share a money idea on Christian family ideas?

Because the more money you save, or get back in taxes, the more missionaries you can support, the more you can give to your church, the more orphans and widows you can help in their distress. 

This is the same reason to invest in the stock market through mutual funds.  Let's say you invest in mutual funds $2000 every year.  Let's say that grows to be $200,000 after 30 years (crazy thing called compounded interest).  Now every year your $200,000 makes its own money, about $10,000 a year.

Now this enables you to give $10,000 to Youth for Christ Africa every year on top of what you were already giving.

You could say, well, why not give $2000 every year?

If you are giving $2000 every year to YFC, great!

If not, and you wanted to use compounding interest not for selfish gain but for the kingdom of God, and on top of that you trained your child to also give and she trained her child, and for 3 to 4 generations a family used compounding interest for an actual purpose - glory to God!!!