28 Jun '15, 2am

Investing for my kids – A Parent’s Story

My wife made a trip to the bank recently to open a Child Development Account (CDA) for my little kid. It was a trip we have been putting off for many months, but the baby will be turning one soon and we should delay it no longer. For parents and parents to be, the government matches every dollar on your deposits up to a certain amount. The money can be spent on education and health related expenses. It is free money and the account is a no-brainer. Mr Friendly The customer service officer was capable and friendly. He answered my wife’s questions professionally and rendered good help. While discharging his duties he also made small talk, chatting about kids (ours, he just finished school) and work. Inevitable the conversation drifted to investing and growing our money. Mr Friendly then asked about the financial planning we have done for our kids. To …

Full article: http://thefinance.sg/2015/06/28/investing-for-my-kids-a-p...

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