Education savings refer to the funds set aside specifically for future educational expenses, such as tuition, books, and other related costs. Families often use dedicated savings accounts or investment plans to grow these funds over time, ensuring they can afford quality education for their children. One popular option for education savings is the 529 plan, a tax-advantaged account that allows families to save for college expenses. Contributions to these plans can grow tax-free, and withdrawals for qualified education costs are also tax-free, making them an effective way to prepare financially for higher education.