Rich Girl Roundup: How to Save for Your Kids' Future

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 10 April 2023

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Whether it's for tuition expenses or weekly allowances, Katie and Henah chat through short-, middle-, and long-term strategies on saving for your children's future, including the 529, Roth IRA, and UGMA/UTMA for minors. Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week. - Mentioned in the Episode Previous RGR on Teaching Kids About Money: https://youtu.be/Y2Y-cOAKBuM Best Debit & Credit Cards for Kids (updated monthly): https://www.businessinsider.com/personal-finance/best-debit-card-for-kids The 529 (Qualified Tuition Programs): https://www.irs.gov/taxtopics/tc313 UTMA & UGMA for Minors: https://www.nerdwallet.com/article/investing/utma-ugma - Read Money with Katie: https://moneywithkatie.com/ Follow Money with Katie! Instagram - https://www.instagram.com/moneywithkatie Twitter - https://twitter.com/moneywithkatie TikTok - https://www.tiktok.com/@moneywithkatie Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I'm going to charge my 10-year-old wrench.
0:04.0	I'm going to be like, ain't no free lunch, honey.
0:08.8	You know what, Rosie, my dog, you're going to have to start paying up.
0:12.0	You've got to earn your keep.
0:13.8	Yeah, Sam's looking a little nervous.
0:17.6	Rich Girl Panda!
0:20.5	Welcome back, Rich Girls and Boys, to the Rich Girl Roundup Weekly Discussion of The
0:28.1	Money with Katie Show.
0:29.1	I'm your host, Katie Gatti Tossan, and every week, Hanna and I are going to break down
0:33.1	an interesting money topic.
0:35.6	Now, we are now dropping these suckers on Mondays, so thank you for choosing to start your
0:41.1	week with us.
0:42.1	Before we get into it, here is a quick message from our sponsors.
0:46.1	Hanna, how are we doing today?
0:55.1	Good.
0:56.1	It's raining outside.
0:57.5	I have my e-mail hat on, but I'm in my feelings, but it's okay.
1:02.1	How are you?
1:03.1	You're in your pop punk era.
1:04.1	I am.
1:05.1	Oh, I'm good.
1:07.1	Well, this week's question asks how one can save for their child's future.
	...

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