It's back to school but there's one thing they don't teach - how children can learn to save and invest. Here are a few simple tips for parents ⬇️ backtoschool TheCitizenNews
The Allan Gray Money Market Fund available on the app provided a return of around 5.2% over the past 12 months and the Satrix 40 ETF has returned 10% a year on average over the past 3 years and 9.2% on average per year over the past 10 years.
No minimum investment amounts are required and you can withdraw your money any time without penalties, while the fees are low and transparent and it is easy to check how the investment is doing on the app. If you are still holding on to your bonus, you can also deposit it in Franc to save for different goals, such as your child’s education, family holidays, or your child’s first car. You can also add a childcare worker, domestic worker, or gardener and start savings accounts for them too. Another benefit is that Franc offers simple educational content to help you improve your financial knowledge.
Teach them how much everyday items cost and involve them in drawing up the shopping list and sticking to a budget.Introduce them to the concept of interest on money saved and show them the benefits of consistent long-term savings by opening an investment account where you can see interest earned.Entrepreneurial discussions at the dinner table can involve people who are successful and what they did to achieve their success.
Be a role model for the behaviour you would like to them to emulate, such as living beneath your means, shopping for specials and saying no to credit.","category_class":"child-of-business","time_ago":"3 days ago","premium":false,"gallery":false,"excerpt":"Salary negotiations are the one work-related activity employees dread the most, but if you approach it the right way - it could turn out well.
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