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Investment Plans for Kids
Even before your little one is born, you start to worry about her future. The expenses that children have — especially large ones like college — can quickly add up, so it’s smart to look into investment plans for kids. When you invest small amounts regularly, those investments can grow into a much larger amount of money for your child’s future.
How Modern Moms are Taking the Lead in Financial Planning
Many of us grew up in a household where Dad was the breadwinner and Mom was a homemaker. Such was our social culture at the time. Men controlled all the money and gave a household allowance to their wives. But that meant that women had the real power when it came to purchasing decisions.
How to Build Your Child’s Investment Portfolio
Although most parents are financially savvy enough to save for their retirement, saving for their children sometimes takes the back burner. With limited cash on hand and the feeling that the children will be young forever, most put off building a substantial investment portfolio for their child. But with government incentives and expert advice, there are some great options to help you save for your child. Follow these five steps to get on the right track.
Buying Stocks for Kids
Teach kids about the value of investing money rather than spending it. Not much money is needed to start buying stocks or fractions of stocks for kids. Start when the child is born or when she is old enough to recognize certain brands and companies. Choose company stocks which are in line with your family values as well as the child’s interests.
Safest Ways to Invest Money
Investing in yourself is the first tenet of financial security. When you have a small amount of money to invest from an inheritance or small and unexpected windfall, you might need a way to invest it. Finding a safe way to invest money on a regular basis will also add to your net worth and future security. Money can be kept safe from you or your family, if you need to curtail spending. Investment vehicles offering set time frames and pre-set rates of return will also be the most secure. Follow these helpful guidelines.