Kids Investing
Reaching Their Financial Goals

By kids investing, they will be rich when you are older.

How does money grow?

Investing is a way to make money with your money. First, you have to earn money. As a kid, you get money from allowance, gifts, service or from selling goods such as lemonade.

By kids investing, you will be rich when you are older.

Try saving half the money you get, by doing this and leaving your money in a high interest account, this means that the bank will give you a small amount of money back, for leaving your money in their bank.

If you keep on leaving the money in the bank they will add more and more money. This is called Compounding.

There are two main reasons why you should invest;

To Stay Ahead of Inflation

Inflation causes the increase of prices. When a Big Mac goes up from $1.10 to $1.40 or when gas goes up from $1.20 to $1.60 a gallon, we say that is inflation. You need to make more money just to keep up with the rising cost of living.

To Achieve Financial Goals

Financial goals can be separated into two types

Short term goals – Things that you need or want now or within the next 6 months, such as a bike or a video game.

Usually, it takes less money to reach these short – term goals

Long term goals – Things that you need or want in a few years or more, for example, going to college, buying a car, and even starting a business.

Usually, these goals are expensive and require some planning.

The earlier you start investing, the sooner you can reach your financial goals, have a look at the art of compounding. Investing is like “planting” money. A small amount of money invested will grow to a larger sum over time.

Follow the links below, for some great Kids and Money Ideas

Jobs for kids
Some great money making ideas for your kids
Explore their entrepreneurial spirit

Understanding Saving
The first essential step towards guaranteeing a better future
The Three buckets

Back to Money and Kids
The skills and knowledge to earn and manage money
Don't be left at the ATM

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Kids InvestingReaching Their Financial Goals

Kids Investing
Reaching Their Financial Goals