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Without factoring in leap years, she will save 365.00 in the next twenty years, plus whatever she has already. I suggest she put it in a piggy bank until it's enough (and she's old enough) to put it in a real bank.
yanksfan
pretty much is only going to be 365 which is not going to be that much when she's thirty. best bet it to kick it up to a dime a day. oh yeah a dime. and stop at the age of 25 then maybe get a CD until shes thrity.
Frank Castle
I suggest you to hire her for the number of hours she is in school for $5.15 USD per hour and pay her each week.
She has to get at least C- in every class.
If she gets at least B- in every class her salary will be $10.30 USD per hour.
If she gets at least A- in every class her salary will be $20.60 USD per hour.
I asume you make at least $82.40 USD per hour and you have two grandchildren.
I suggest you to open a Guardianship account at TD Ameritrade for her and tell her you that money will be used for college when she is old enough and invest in the Stock Market with the help of a Portfolio Manager like myself or a Financial Advisor.
I also suggest you special bonus of $100.00 for each A and $200.00 for each A+ she gets.
angelwings120688
She should put it in a piggy bank. I don't know how much she will have when she is thirty but she will have pretty much. Then when she is old enough she can put it in all real bank.
4drBentley
Your granddaughter will have a nice peice of pocket change it will come out to $36,500.00
Nice!!!
starkxyzzy
She'll save $18 per year.
It won't come out to anything when she's 30, because within a year or two she'll take the nickels and cash them in to buy some cd's or a concert ticket or something.
Thom
she will have 365 dollars at 30 and u should probably open a custodian savings account for her so that way you can also earn interest
Virginia V
Do you have a calculator 18.25/yr. 365.00/20yrs
cherripye99
She will have $365 when she is 30 years old, at the rate of one nickel per day. I suggest she get one of those automatic coin sorters that also wrap the coins, that way they are easy to contain.
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