Articles Tagged ‘child savings’
When Should Your Child Get a Savings Account?
Wednesday, May 9th, 2012
Along with “when should I start giving my child an allowance,” one of the early financial questions a parent is likely to face for their child dealing with money is likely to be when to get them their first savings account. You’d like that first savings account to be something that your child genuinely takes an interest in, so that they start wanting to save, instead of you having to constantly remind them to do so.
The answer to the question will vary for each child, of course. But there are some factors you can take into consideration when trying...
Building a Savings Plan for Your Children
Sunday, May 1st, 2011
One of the best ways you can provide for your children is to create a savings plan for them when they're young and contribute to it gradually. As your children grow, so, too, will their savings.
You may also consider investing for your child, provided that the investments are wise and promise a decent return over time.
Creating a savings and investment strategy can be beneficial for both you and your children so when they grow up they'll be in a solid financial situation during their college years.
Here is advice on how to build a savings plan for your...