This kids investment issue guides your little darlings about money when you are eager to provide for them and give them everything that you didn’t have. It’s like there is something programmed into our brains willing us to show them the value of money, but then our actions let us down when we buy them that toy
This Year’s Chinese New Year Hong Bao Could Be Worth $30,000 In 12 Years Time. Hear my investment ideas for your kid’s ‘Hong Bao’
A simple guide on Junior Kids ISA for UK readers. Junior ISA is a tax free savings account for kids to withdraw and own when they turn 18. There is an opportunity for a Junior Stocks and Shares ISA to invest money into the world for wealth growth. Please understand the element of risk of potential entire capital loss.
I would strongly recommend parents to urge relatives and grandparents to give gifts of cash into bank or investment accounts rather than buying full price gifts which would depreciate in value once left the store. Think about it….
As of today, I would recommend the following for Kids investment options for varying budget situation. Read Issue#1 or Starters Guide for earlier details.
Having kids is a financially straining expense with the outgoing cash flow for raising kids increases with their age. During key milestones period between the age of 17 to 21, the expenses such as birthday parties, buying a car, university starts increasing exponentially.