Coverdell Education Savings Account
Okay kiddo, have you ever heard of a piggy bank? You know how you can put your money in there and save it up for something special that you want to buy later?
Well, Coverdell Education Savings Account is kinda like a piggy bank but instead of saving for something you want to buy now, you save your money for your future education like college or vocational school.
Sometimes, your parents might put money into this account for you and it can be used to pay for things like tuition fees, books, and even computer equipment!
The special thing about a Coverdell account is that when you take the money out to pay for your education, you don’t have to pay taxes on it. That means you get to keep more of your money to spend on your education.
So, if you want to save up for your future education, a Coverdell Education Savings Account is a great way to start!
Well, Coverdell Education Savings Account is kinda like a piggy bank but instead of saving for something you want to buy now, you save your money for your future education like college or vocational school.
Sometimes, your parents might put money into this account for you and it can be used to pay for things like tuition fees, books, and even computer equipment!
The special thing about a Coverdell account is that when you take the money out to pay for your education, you don’t have to pay taxes on it. That means you get to keep more of your money to spend on your education.
So, if you want to save up for your future education, a Coverdell Education Savings Account is a great way to start!