Comments on: Munny Journey: Keepsake Journal for Baby’s First Money

By: observer

observer — Thu, 14 Jan 2010 02:07:31 +0000

what are you gonna do in the future, tell your child that this is their first money and not even think that they won’t try to remove it as children or teens? this is ( in my opinion) absured

By: Stephanie

Stephanie — Fri, 26 Sep 2008 16:04:06 +0000

My parents (Sadie's Grandparents) bought her 1st stock for her 1st Christmas from Oneshare.com, so now she owns a little piece of Disney. I think these are great tools for parents, and no, they aren't as cute as a teddy bear. But I can honestly say I was grateful for my parents ability to understand money when my college tuition came around. I was fortunate enough to have parents who cared about my financial well-being as well as my physical and spiritual well-being.

People sometimes need a wake up call that money is important. It's even better when you have enough to spare that you can give it to charity to benefit all people.

By: BusyMom

BusyMom — Fri, 26 Sep 2008 11:06:46 +0000

Interesting. I'm not sure I would do a good job maintaining another book - I'm lucky the baby books are reasonably populated.

I read somewhere once that you need to put away $100/mo to have a decent college fund for your kids. They cite $100K at 21 with the $5000 starter and $100/mo. Wonder what it actually works out to be with just $100/mo. At $100/mo, without consideration of interest, I know you will put away $21,600 by age 18; $25,200 by 21.

Time is your best friend in investing. I know from my 401k literature that the sooner you start the better off you are. I always like the example of a 30 year old who saves for 10 years and then stops and yet their fund will be bigger at 65 than someone who makes the same level of investment starting at like 40.