3 Way$ Mommy Save$!

The 3 easiest ways  to start saving money for your children at any age! Get your children started on the right financial path by following these 3 simple tips. Regardless of your current social economic status, the time to start planning a better future for your children is NOW!

 

Stocks

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Modern technology has made stock exchanges flawlessly seamless. With the power of a smart phone, one can make wise investments that could yield huge financial gain. Here are 3 stock market trading apps that you can download on your smartphone today.

Robinhood.com: The biggest incentive that Robinhood offers is $0 commission trading. This means each time you purchase or sell a share of stock you don’t have to pay any commission. You cut the middle man directly out of the picture!

Acorns: Acorns helps you save and invest small amounts regularly into your own diversified portfolio. One unique feature about Acorns is its recurring investment feature. With recurring investment options, one can choose to invest daily/weekly/monthly.

E*TRADE: The best features about E*TRADE is its multiple trade options. This user-friendly site offers a range of financial investment options such as stocks, mutual funds and IRA’s.

Not sure of what Stock to purchase?

Feel free to consult with a financial planner. You could also subscribe to Bloomberg.com or Yahoo Finances. Daily, I review these sites in order to stay abreast about business mergers and financial acquisitions.  Sips Tea*

 

Money Market Account

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A money market account is a savings account that allows a limited number of checks to be drawn from the account each month. How much interest a money market account pays, and whether it’s the highest-paying deposit product offered, varies for each account from bank to bank.

Read more: http://www.bankrate.com/finance/savings/money-market-accounts-vs-savings-accounts.aspx#ixzz4J4LfZxSc
Follow us: @Bankrate on Twitter | Bankrate on Facebook

529 Plan

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A 529 Plan is an education savings plan operated by a state or educational institution designed to help families set aside funds for future college costs. It is named after Section 529 of the Internal Revenue Code which created these types of savings plans in 1996.

Remember Millennial Moms, always do adequate research before making any financial decisions. Although I am not a professional financial planner, I do believe in giving my child my best. In order for me to do what’s best for my child I research and network with people who can help set financial goals.

2 comments

  1. […] Source: 3 Way$ Mommy Save$! […]

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  2. There are other saving apps that are available: Digit and Qapital. These apps evaluate your checking account and move money into a saving account. Google them!

    Liked by 1 person

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