Advertisement

Anonymous

06 Jan 2021

∙

Hello parents! Out of curiosity, what would you do with your kid's (few months old) money, such as money from their baby showers and angbaos?

Save them in a child's savings account
Invest them in a robo-advisor
Invest them (DIY)

Thank you

3

Discussion (3)

What are your thoughts?

Learn how to style your text

Caden Wang

06 Jan 2021

I put it into stashaway monthly. And I forced myself to do a 1 for 1 top up for them as well. Sure beats the money being in a bank under current low interest environment.

Reply

Save

Cryotosensei

29 May 2020

Blogger at diaperfinancingfund.blogspot.com

Top up his Child Development Account, for if I top up $3k, I get dollar-for-dollar matching contribution (another $3k) from the government

Reply

Save

View 1 replies

Write your thoughts

Related Posts

How much should I set aside monthly for my child (18 months old) and where would you put the money?

I am currently working in Singapore and would like to transfer money monthly (from SG bank to MY bank) to parents. What is the most cost effective way?

If you had $1200 yearly to save/invest for your 18 months baby for her education, what would u invest in (robo?, DCA ETF S&P500?, kid’s CPF via VC?)?

Would like to hear. Methods/plan on assist aged PR parent at 76yrs old with insurance and monthly expenses. His doesn't have cpf payout nor coverage for health excl(medishield) .

I'm a Singaporean on exchange the US. I've spent almost all my money, and still have 1 more month. Other than asking my parents to help me with this, is there any other way I can get some money here?

Related Products

StashAway

4.7

1293 Reviews

StashAway Simple Guaranteed 3.55% p.a. (Guaranteed rate)

Cash Management

INSTRUMENTS

None

ANNUAL MANAGEMENT FEE

None

MINIMUM INVESTMENT

3.5%

EXPECTED ANNUAL RETURN

Mobile App

PLATFORMS

Standard Chartered JumpStart Account

4.8

783 Reviews

Endowus

4.7

659 Reviews

Related Posts

How much should I set aside monthly for my child (18 months old) and where would you put the money?

I am currently working in Singapore and would like to transfer money monthly (from SG bank to MY bank) to parents. What is the most cost effective way?

If you had $1200 yearly to save/invest for your 18 months baby for her education, what would u invest in (robo?, DCA ETF S&P500?, kid’s CPF via VC?)?

Would like to hear. Methods/plan on assist aged PR parent at 76yrs old with insurance and monthly expenses. His doesn't have cpf payout nor coverage for health excl(medishield) .

I'm a Singaporean on exchange the US. I've spent almost all my money, and still have 1 more month. Other than asking my parents to help me with this, is there any other way I can get some money here?

Advertisement