{"id":2425,"date":"2011-09-02T12:00:21","date_gmt":"2011-09-02T18:00:21","guid":{"rendered":"http:\/\/76.12.196.78\/?p=2425"},"modified":"2011-09-02T12:00:21","modified_gmt":"2011-09-02T18:00:21","slug":"educational-resource-investing-kids","status":"publish","type":"post","link":"https:\/\/www.optionsanimal.com\/educational-resource-investing-kids\/","title":{"rendered":"Educational Resource: Investing For Kids!"},"content":{"rendered":"
If you have ever heard your parents talking about money, you might have a few questions. How can my money make money? How can I set goals? Does it cost money to invest? Are there any reasons I shouldn\u2019t start saving now? Hopefully you can have all of your questions answered here and you should feel confident joining in the conversation next time!<\/p>\n
How can the money you have, make you money later in the future? When you have an account with a bank or savings business, that place has an interest in keeping your money. They cannot keep their business growing unless they have money to use. As a customer to the bank you are allowing them to use your money, on the agreement that they will pay you back whenever you ask for it. For this service the bank offers a small percentile payment of interest, with higher rates for established accounts and those with a lot of money. This means the longer you have your money in the bank, the more interest you will make. So, your money will make you money if you invest it correctly.<\/p>\n
Setting goals for investing is a lot of fun. Not only are you preparing yourself for the future, you will learn all about the benefits of saving first hand. Try to set realistic goals, meaning do not think you can save a million dollars if you only put in a dollar a month. Think small to start with and when you get better at savings and see your money grow, you will be more excited about saving more. If you get an allowance start with 10% in savings, then to 20% and so on. You will see how simple it is to really save for important big things. For example, if you get $10 every week from your parents for chores, see how much you can save. Start with just a dollar in savings every week, and then go to two dollars, then to five. You will still have spending money and the small savings will equal a large sum later.<\/p>\n