Instead of requesting gifts for their daughter's second birthday party, Alli and Patrick Wittbold opened a 529 college savings account for her and invited family and friends to make contributions.
“We aren't really a new-and-shiny toy kind of family, but our families generously love to get her gifts," says Alli Wittbold, 30.
Wittbold, a blogger, says that she and her husband are planning to grow their family in the next year, and intend to set up a similar account for their future child as soon as possible.
“We plan to ask for contributions to their account right away, instead of any baby shower or newborn gifts, especially because we already have a lot of the baby gear from our first," says the Western Massachusetts resident.
The Wittbolds aren't the only ones seeing green when it comes to asking for gifts for an upcoming bundle of joy. Couples use baby registries to request gifts that they want and need, ensuring that they don't end up with three diaper pails or more newborn clothes than their baby can ever wear. For many of today's parents-to-be, registries also provide an avenue for financial gifts that help with the expense of expanding their family.