College

Automatic savings, tax credits and deductions, dorm alternatives

It Adds Up

My husband and I have three daughters, and each of them has her own savings account. We deposit $10 into each account whenever we receive a paycheck, a rebate check or any other kind of check and keep the balances between $500 and $700. When the balance hits $700, we send $200 to our 529 college-savings plan (and send additional money whenever we can). Although our oldest child is only 5 years old, we already have $19,000 saved for college. -- Kate Stapleton, Aurora, Col.

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