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