Thanks, I really hope she will do the course. I scoped it out and it seems pretty good.Seems like a very good plan if she grasps those concepts.Coachd50- Definitely not my goal. I’m hoping by doing a variety of accounts (short term-allowance, intermediate term (UGMA), and long term roth IRA) that I can help to give her an education.
People here have pointed out that for adolescents, there needs to be some short term gratification.
The allowance play money is a very small monthly amount.
The UGMA will grow to about $24,000 by the time she is 18.
The custodial roth IRA, well, she needs to get a job first.
I’m hoping that by her taking this finance course, it will help to prepare her for the future. That includes investing, saving, budgeting etc.
Thanks all for the recommendations.
Statistics: Posted by Michelle2024 — Sat Jun 29, 2024 8:13 am — Replies 19 — Views 793