Imagine this proud-parent moment - Your child saves their first S$10,000 on their own. 💰 kaching
Years of CNY angbaos, part-time jobs, and allowance-scrimping has paid off! #walktheparentingtalk 🙌 NOW...!
How would you advise them to manage their 1st money milestone?
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Has anyone started to introduce CPF to your child yet? If so, how old was your child when you broached the topic?
Since it's the June holidays, let me share how you can introduce CPF to your child through English and Maths: https://diaperfinancingfund.blogspot.com/2021/06/money-parenting-introduce-your-child-to.html
and am on the lookout for more ideas. eager to network and learn from fellow parents here!
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What is the best advice we can give to our 8 year old when it comes to savings?
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I'm torn between letting my child go to school without any financial worries and giving them an opportunity to learn some life lessons about money.
If I am not setting aside a % of my savings for this, more can be funneled into my retirement. Any advice would help!
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