WHAT IS THE BEST PROFITABLE WAYS TO SAVE FOR CHILDREN

Home Forum Education WHAT IS THE BEST PROFITABLE WAYS TO SAVE FOR CHILDREN

This topic contains 6 replies, has 7 voices, and was last updated by Precious Ozavize Precious 3 years, 4 months ago.

  • Author
    Posts
  • #1791

    <p style=”text-align: left;”>For the fear of unforeseen circumstances, I thought of having a savings for my childrens’ education. Considering the meager interest on banks savings, and money value depreciates daily as a result of inflation, so bank saving is out of question. I thought of landed property but it requires a huge amount to secure especially here in FCT. What are your advices please</p>

  • #1792

    There are no cheaper way to save for kids that I know of except from bank savings. You can buy gold and keep for them, it appreciates. Treasury bills also but it’s a lot of money. Insurance companies have a scheme for children too. That’s all I know

  • #1795

    in as much as their are no good interest on savings account ,they still need it,there are educational plans available on insurance companies and is good if you can stick to it with a good insurance company,secondly in as much as landed property is on the high side ,you can create a saving target and plan towards it though is a long term goal,lastly there are treasury bills run by the federal government and it yeilds according to amount you invested ,on expiration you fix it again.

  • #1797

    Saving isn’t really easy the need to spend will surely arise. We can save for kids in bank by opening there personal account for them and the account will be current not saving. The money will not be withdrawn without some documents

  • #1800

    There are fixed deposit services offered by banks that are for the interest of childrens education. There are also land agents that offers affordable landed property mostly for the peasants and allows instalmental payment methods for a particular period, mostly a year or 2. You can also invest on company shares and bonds, it’s not limited to any amount.

  • #1852

    I will go check out this insurance company option. thanks to you guys

  • #1908

    I really can’t advise you but then my Mum did real estate in her own little way but asides falling into the hands of the wrong people I do not think they are any bad risks involved

You must be logged in to reply to this topic. Click here to Log in