Ask Leo: should Investing in the children while they are young a good thing

(edited)

In Nigeria , investing in the children has been a thing that parents and guardians have neglected and this has really affect the future of our generation. They are not well taken care of.
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Investing in children future means when the children are young their parents can open a kids account for their children in which they will save money for them on daily basis probably every month or every day depending on their salary or wages. They can even set an automatic debit which the bank can debit at a regular interval and the kids account will be credited. And when they are of age like 18 years or 20 years old and the account will be transferred to the children and the such child will have direct access and make good use of the money and do a follow up with how they spent the money making sure that they make proper use of the money.

Bottom line : investing in a child at a younger age is good and saving for them is a way to build their financial capacity in future.

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