Hey friends, welcome back to Finance Friday. It's another special edition of Money Girl,

where I answer your burning money questions. I love hearing from you and want to answer your

question. So if there's something finance related on your mind, whatever it is, you can leave me a

voicemail at 302-364-0308. You can also

leave your name or remain anonymous. Today's topic comes from Patrick, who sent me an email saying,

my in-laws asked me what my two kids, ages 8 and 14, want for holiday gifts. Instead of toys or clothes,

I'd love to encourage them to think about my kids' financial futures, but I don't want to seem

greedy or pushy. What are the best gifts I could recommend to relatives for helping my children

build wealth? Thank you, Patrick.

This is a great question. You know, with the holidays right around the corner, I'm sure many

parents have also received this annual question from well-meaning relatives about what the kids

want this year. And I understand the fear of seeming greedy by asking for an investment in your children's

financial futures.

No matter a child's age, this podcast will review holiday gifts that can improve their financial

futures.

Plus, we'll discuss how to make the conversation with family about holiday

gifts as easy as possible. So we're going to go through six potential holiday gifts for kids

to help them build strong financial futures rather than accumulate more stuff.

Number one is a 529 savings plan contribution. A 529 savings plan is a tax

advantaged investment account designed specifically for education expenses. You make contributions

to the account and they can come from anyone and and those contributions grow tax-deferred.

When you're ready to withdraw 529 funds for the beneficiaries' qualified education expenses,

...