It can be hard to save and invest for your child at different stages of life. But you can get help if you take a few simple but important steps for your child you have to start saving and investing
Seeing your child grow from a baby to a teen to an adult is a beautiful thing to see. Even when a child is grown and on their own, a parent’s love and care for them never ends.
Even though your love for your child doesn’t have to change as they get older, how you plan to secure their financial future needs to change to fit their stage of life to saving and investing for your child’s life.
As your child gets older, the costs of raising them, sending them to school, paying for extracurricular activities, etc. will also go up, and your budget should reflect that. This helps you keep track of your money and helps your child reach his or her dreams and goals.