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2 votes
1 answer
249 views

How much should we have/save before having a child? Baby planning a couple years out [closed]

Edit: Additional helpful information. Location: USA: Oregon Lifestyle: Middle-class and content that way. I have biologist job, so I'll never be 'rich' and "millions" is certainly an exaggeration. ...
birdnerdgirl's user avatar
1 vote
2 answers
396 views

How can I help a 17 year old track and pay me back a personal loan?

I’m selling my 17 year old cousin my car. He wants to make regular payments on it, every two weeks or so. Instead of taking cash, issuing receipts, and tracking this on paper somewhere, I’d like to ...
bvy's user avatar
  • 131
1 vote
1 answer
171 views

Australia- Bank account for newborn

I have just acquired a newborn, and would like some advice in setting up a long term financial plan. I don't have a target amount in mind, just to have some money to help her when older (roughly 18-21 ...
TheRealTy's user avatar
  • 585
40 votes
1 answer
5k views

Where can I put savings for my kid that I literally cannot withdraw from?

I currently have a second savings account where I'm saving money for my child's future - most likely it will be used for their college and/or wedding. I've heard horror stories of parents stealing ...
Marsh's user avatar
  • 909
1 vote
1 answer
76 views

Most effective instant access savings for a child - UK

We have a maxed out stocks and shares ISA for our baby - what is the most effective non-term limited account that can be in her name? We're thinking it will be useful for birthday parties, clothes etc....
conradj's user avatar
  • 329
7 votes
2 answers
173 views

What to consider when starting a savings account for my children?

I want to start saving some money regularly for when my children turn 18. What options are available to me and what are some things I need to consider when choosing the right approach?
Mongus Pong's user avatar
23 votes
9 answers
2k views

What are the best strategies to give pocket money or an allowance to children?

What are the best strategies to give pocket money or allowance to a child especially if you would like to teach them something through this, e.g. saving?
gyurisc's user avatar
  • 2,448
11 votes
3 answers
701 views

At what age should I begin discussing money - saving, spending, investing - with my child / children?

In addition, when should I open a savings account at our bank for my kids; and give them accountability over it?
Nat_Rea's user avatar
  • 8,683
10 votes
6 answers
1k views

What are good games to play to teach young children about saving money?

I've heard that giving allowance is one approach to develop an understanding of money management. What other ways are available to teach kids about the benefits of savings?
Zephyr's user avatar
  • 6,230