6 Ways to Save and Invest Money for Kids

Money Girl

Macmillan Holdings, LLC

Investing, Education, Business, Entrepreneurship, How To

4.6 • 1.8K Ratings

🗓️ 21 April 2021

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Find out how to use six accounts to save for your child's future. Laura reviews the pros and cons of each and gives tips to fit saving for a child into your big financial picture. Read the transcript. Check out all the Quick and Dirty Tips shows. Subscribe to the newsletter to get more personal finance tips. Join the conversation on Facebook and Twitter. Links: https://www.quickanddirtytips.com/money-finance/investing/6-ways-save-invest-money-kids https://www.quickanddirtytips.com/podcasts https://www.quickanddirtytips.com/subscribe https://www.facebook.com/MoneyGirlQDT https://twitter.com/LauraAdams

Transcript

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0:00.0	I got an email from Heather Q who says I love the Money Girl podcast.
0:10.9	I just opened a 12-month CD for my daughter and planned to give her the money when she's
0:16.2	an adult.
0:17.6	But I have about 8 more years to save for her.
0:20.6	Should I open new CDs as I save more or should I just add money to the same CD once it matures?
0:28.4	Thanks so much for your question, Heather.
0:30.4	I know your daughter will be thrilled to have a financial leg up as she launches and becomes
0:35.4	independent.
0:37.2	If you also have children or are thinking about starting a family, it's essential to
0:42.5	get familiar with strategies and accounts that make it a little easier to save and invest
0:47.4	for your kids.
0:48.8	So if that's you, I hope you'll stick with me.
0:51.1	Hey, everyone, and thanks for joining me this week.
0:54.4	My name is Laura Adams.
0:56.3	I'm a personal finance and small business expert, author and educator who's been writing
1:01.0	and hosting Money Girl since 2008.
1:04.3	My mission is to help you get the knowledge and motivation to prioritize your finances,
1:09.4	build wealth, and have more security and less stress.
1:13.4	If you're a new listener, I am so glad that you found the show and hope you'll stick around
1:17.4	by subscribing.
1:18.9	And I also want to mention that we always publish the show notes.
1:23.4	We're over in the Money Girl section at quickanddirtytips.com.
	...

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