Managed funds, especially those that invest in shares, are riskier than having money in the bank but over the long-term (assuming that’s your savings timeframe for your kids) they should deliver a better return.
One of the big problems is our children have less experience with cash than we did, says Hale. How many of us have our credit cards set up in the iTunes or PlayStation account and our young ones just need to click to make an Read More …
JUNO KiwiSaver members will be charged a set dollar amount per month depending on the size of their balance, rather than a percentage of their balance, regardless of whether they’re in a conservative, balanced or growth fund.
Monkey see, monkey do. When parents behave badly with their finances, children learn by watching their parents and experimenting, not listening to hypocritical lectures.