Sunday, February 5, 2012
College Savings & Other Savings Funds for Foster Kids?
How many of you who are foster parents have opened savings accounts for your foster children for their future, whether for college, vocational training, or ongoing care needs?
What kind of account, and how much do you put into it?
What will you do if your child is reunified to help them with the college / other future expenses, if anything?
If you save for your foster kids, why? If you don't, why not?
If your child is unlikely to ever end up in a college setting due to disabilities, what ways do you help prepare for their future?
I would love to hear how other foster and pre-adoptive parents have dealt with the question of saving money for the future of children who are not (yet) legally ours. No judgment here, just true curiosity about how other foster families approach this issue.