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 I need to make money fast help!!!!?
I recently had a situation with my checking account and had to use all my funds to clean it up. I've tried to find work in my small town and can't and without a vehicle cannot go any ...


 Why is it people on certain benefits get more money than alot of decent hard working folk?
my husband works long hours at minimum wage,if he had to give up his overtime he would only be £20 better off than some benefit claimers,does this sound ...


 How much money do you think Paris Hilton spends on an average day?
And how can I get her to stay home for just one day and give that spending money to me so I can pay off my student loans and credit cards?...


 Can i make money online ?
Kindly tell me about home based jobs.
If you peoples know about the right sites about home based jobs so
tell me that websites.
Thanks.
Additional D...


 How can I make money If I go to school and have two kids?

Additional Details
well i got to school from 12:45 to 5:45 and my kids ages are 2 nd 1...


 How can i earn money quickly?
i just quit my job of two years so i have no sourse of income right now, what can i do that s fun and easy and quick to help me make some extra money until i find a ...


 What is 10 per cent of 180.00 please xx?
...


 Loan or an 18 year old!!!?
Hi can any one recommend a loan company that can loan an 18 year old i cant seem to find any company that has accepted me for one as of yet!
Its for a car loan and i would like to get one ...


 Does anyone know how to make money real fast?
I need to make an extra $200 this week so that I can buy some cheap land in cash. I do not want this opportunity to pass me up, but I am scared that I will not get the money in time. Does anyone have ...


 How much do you manage to save every month after all the bills are paid?
...


 When I inherit my wealth of several... well lots, will I get new friends?
How will I know they are genuine?
Additional Details
Can I add that I couldn't give twopence for wealth, and certainly won't be interested in loaning anything to make even ...


 Scared to use money ?
I'm 17 years old. I have a job, and I took out some money to go Christmas shopping. I got a 100 dollar bill. I'm scared to use it, because it would feel strange for someone as young as me ...


 How do i get money ?
i want to get money for a really good phone but i am only 13 so i can not get a job!...


 Having trouble saving money?
I really have trouble saving money does anyone have ideas that have worked for you?...


 How can a 13 year oldmake money?
...


 If you make money online, then how do you do it?
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 How to make money as a kid?
I have a mate who is 12 years old and he wants to earn some money because he is saving up for a new games console. But he doesn't have any ideas on how to make money. Can some one give him some ...


 Can anyone tell me what exactly the benefits of decency are?
I ask this question out of utter contempt with the country (uk).
I have worked solidly for 5 years, paid all my taxes, paid all my child support for my son from a failed relationship and battled ...


 Can you claim back bank charges?
...


 Hi does any one know were I could apply for personal loan with bad credit score?
Hi does any one know were to apply for personal loans with bad credit scores? But also being under ssi, also my wife is employed with 15.00 an hour. Thank you for any responce....



Stephanie D
Where should I put my child's money?
My son just turned a year old and received some money for his birthday. I would like to start saving this money for him. Should I open a separate savings account for his money? Should I leave it in his piggy bank since it is a relatively small amount? Any other suggestions?
                     
 




Maggie Jeans
I have done a variety of things for my kids, and so there is no one right answer. I like using a combination of things because it is real world theory - "don't put all your eggs in one basket ". Each type of saving vehicle is useful so here is a combination that works for me.....

If you are looking to save this money then the 529 plan is a good option (better than the Uniform gift to minor act). The money is in your name, intended for the child to use for higher education. The earnings are tax free, and you only pay tax if it is not used for higher education. It is a benefit when the child is ready fo college because it has a favorable impact on the FASA Calculation (the federal financial aid stuff). You can also have grandparetns deposit money here if they want to save for the child's education (you get a much higher rate than with a savings bond).

You can easily teach your child money management skills with other small sums. I have always used the bottle return money for that. We recycle bottles and when the child helps, the child gets to keep the money and spend it on what ever. They learn to earn and save or make appropriate spending decisions.

A savings account is good because the child can go to the bank and make the deposit. The downside is that the interest rate is poor so the money isn't doing much. The upside is tht you have a place to turn around small amounts of money and let them grow until they are large enough to move or spend.

We also use the piggy bank for small change around the house. Then we take an afternoon and roll the coins and bring them to the bank for deposit into the savings account. The process helps them to see that even small amounts can add up. When the money is significant, you can take it form the saving account and either deposit in the 529 or buy a CD.

In any event, showing your child the importance of saving is an important lesson that many parents themselves probably don't do enough of. You are setting a good example and setting your child up to have a stable financial future.

Good Work and good luck.


njredgrl32
start a savings account and add to it each holiday he gets money. you will be amazed as he gets older what accumulates over the years.


www.GetTheExperts.com
Rating
Save it in a savings until you have enough to invest in other things like homes and property or stock. If you are investing in stock you should focus on companies that are changing society. I invest $100 in my company and am looking to eventually invest $1000 per month in other companies that are changing the world for the better also. You have to have vision of the future. Check my source. This will give you an idea.


moon 111
Rating
Try to put the money in stocks or OUIs try to get 25%/annum once you've got a couple thousand though you should buy some books maybe get into stocks or real estate. That birthday money (and other money that goes into his investment portfolio) may pay for his college!


Spock (rhp)
look for a prepaid college tuition plan sponsored by your state [I assume you are an American].

While that is likely more than you currently have, it is an incredibly worthwhile goal.


GL


Mildred J. Michalczyk
Rating
Most banks and financial institutions have accounts available that have low or no fees for children even if the balance in the account is relatively small. These accounts are sometimes called called Custodial Accounts. You could open such an account or purchase a US Savings Bond for your child. You and the child could be the Co-Owner of the Bond and you could use the child's social security number. The US Savings Bond can be bought at a bank; it can be cashed after one (1) year, interest rates are competitive, and the value of the bond doubles by the maturity date. The minimum amount you can pay for the bond is $25.00; that $25.00 will become $50.00 on maturity. I would not leave the money in the piggy bank. Time goes faster than you think, and if you save and invest, the money will add up relatively quickly.


gram h
in a safe


Ken Clark, CFP
Rating
It depends how much money it is, I guess.

I love the Section 529 plans for college accounts, but the downside to that is it is hard for him to grasp where the money is and what it is for.

There is some merit to keeping some of the money in an account he has access to so you can dialogue with him about money management skills.

I have seen a lot of kids whose parents do a good job saving a bunch of money, but their kids just turn around and waste it because they haven't learned how to handle it.

Good luck!

Ken Clark
Certified Financial Planner


lincolndriver97
its better if you open a savings account. that money will grow with intrest and you'll see a big difference later in life.


brandlet32
Rating
I would open a savings account for him. I know many local banks in my area have savings accounts specifically for children. I'm sure you could find one in your area that has them as well. If you periodically take him to make deposits as he grows up, he'll learn the value of a dollar and the importance of saving money, which will be invaluable to him as an adult.


Lolly
I would suggest a savings account. It will encourage him to save when he's older.


Mel M
Most financial institutions have special savings accounts for children with no fees and which allow low balances. You can use this account as a teaching tool as he gets older to show him the importance of saving money for the future.

Good luck.


~jenn~
Rating
I started a piggy bank for my children, for birthdays, or anyother holidays that they recieve money, i put in there piggy bank and when it gets full, I will open up a savings account for them, and then start the piggy bank process again. When they find change around the house they put it in there piggy. Plus I waitress part time and the next morning I give them each a dollar and tell them " go put it in your piggy" and then clap and say yeahhhh when they do it. The down fall to the savings account is my bank only allows 1 parent on the savings account for the child, meaning myself or my husband are the only ones allowed to deposit money to there account. I hope this help you out on your question.


Frank Castle
Open a brokerage account at Zecco and buy Sony, Nintendo and Microsoft.


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