When you are child then you must remember how the moment was about saving money in the piggy bank, a store which is formed like a pig where you can put your money inside. This is very interesting for child to save money using interesting way. This could be good start for every person to recognize and know about bank before they are growing up. We know that piggy banks are good for storing money but the money in a piggy bank doesn’t teach a child about interest and inflation. What is interest? The money that bank will give to the depositor as the thankful relation because of saving money inside. What is inflation? It is the high increasing of product price so one million in 1990 is different than in the 2009. They generally can’t pay for college tuition either unless they pennies and nickels are invested very well. If you can teach a child to invest his or her allowance so he or she can retire before you do, you may have done well in getting them started with investing. Planning investment for every child is very important because early time they prepare, early time in the future they will get the result.
Posted on : 23-09-2009 | By : admin | In : Management, Personal
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