Save An Extra $7976 For Your Child With The $1 A Week Savings Plan

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Save An Extra $7976 For Your Child With The $1 A Week Savings Plan

Socking away money for your kids can be hard when you’re on a tight budget. This plan turns small weekly savings into $7976 by the time your kids turn 18.

Picture: kenteegartin/Flickr

Basically, you save one dollar per week based on your child's age: $1 a week when he or she is one, $2 a week for a two-year old and so on. Because the amount is only going up by one dollar a week each year, it isn't as rough as, say, going from nothing to $100 a month. Yet the small savings add up, as Single Mom's Income shows:

Like the 52-week money challenge and the $5 savings plan, these little tricks can help you save more.

The Easy Way to Save $7,976 for Your Child [Single Mum's Income]

Comments

  • I’m giving my kids a dollar a day. its been 11 years since my first kid and its still going good. I plan on giving it to them when they turn about 25 so they are well over the craziness of being 18 to 23.

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