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I’ve not looked close enough at this plan to see if it’s anything that parents should do, but I have no confidence in their ability to keep track of money. Check out this chart they show during their commercials:
The bar on the left represents $10,000. The one on the right represents $20,000. Notice anything strange? The bar on the right is nearly three times as large as the bar on the left, not just double the size.
I realize that the one on the left is set back a little bit, but not nearly enough to cover that kind of difference. Also, I have to say that I got this idea from an old article on cockeyed.com that dealt with Quicken in almost the same way.
