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? - Seedly
Seedly logo
Seedly logo
 

Personal Finance 101

Parenting

Investments

Savings Accounts

Savings

Robo-Advisors

Family

Anonymous

Asked on 29 May 2020

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?

  1. Save them in a child's savings account

  2. Invest them in a robo-advisor

  3. Invest them (DIY)

Thank you

0 comments

1 answer

Answer Now

Answers (1)

Sort By

Heng Kai Le
Heng Kai Le, Mondomover at School Of Life
Level 6. Master
Answered on 29 May 2020

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

1
ūüĎć
0
Question Poster

29 May 2020

Hi sorry. I forgot to indicate that the cda has already been topped up. And also the amount that's spare is around 10k.
Thank You!
Can you clarify
I wonder if
This is so helpful ūüĎć
What about
Post