Holiday gifts, toys, electronics and clothes all have pretty short shelf lives. Eventually they’ll be ignored, discarded or fall out of favor. Consider giving a gift that grows over the years and will never become obsolete—a college savings plan from Lake Michigan Investment Services.
You can set aside a sum of money, in whatever financial vehicle you choose— savings account, stocks, mutual funds, etc. You can deposit funds as a one-time gift, or add to it every holiday season. It’s a gift that grows over time, earmarked for the day your loved one heads off to college…and needs to start paying for it.