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Children and Money
Investing in Your Child's Future |
Teaching your child about personal finance and
investing is one of the most rewarding things you can do as a parent. You'll help them
learn about a topic that isn't covered in most schools so they can develop good financial
habits at an early age. They may even hold you responsible for their financial success
down the road. Wouldn't that be nice?
Your kids shouldn't have to go through "financial boot camp" when learning about
money. In fact, most kids will let you know when they're ready for more information. Be on
the lookout for questions that show curiosity or that address money in general.
Remember. While you explore investing and money with your kids, make sure you're also
investing for them along the way. By starting an investment plan early, you will be
putting the power of compounding and time on their side. It's like giving them a jumpstart
for their retirement fund.
Laundry List
The following list shows some of the ways you can invest for your children and help them
learn about money, investing, and personal finance.
1) Stocks with Kid Appeal:
Target
2) Mutual Funds for Children:
Vanguard
500 Index Fund
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