What Would Happen If I Put $1 Away for My Child Each Day?

The article discusses the importance and practicality of investing for a child's future by starting with just $1 a day or $30 per month. It highlights the potential of compound interest in creating a substantial nest egg over time. With current opportunities to invest without high entry barriers, such as no-minimum mutual funds, parents can teach their children about investing while preparing their financial future. Despite market uncertainties, consistent investment can yield significant benefits in the long run.

Investing $1 a day may not feel practical, but you can accomplish the same thing by investing $30 monthly instead.

Investing for your child offers an excellent opportunity to teach them the basics of investing as they grow.

Thanks to compound interest, investing $1 a day on your child's behalf can leave them with a nice nest egg.

At one time, there may not have been many places where you could invest $30 a month, but today, it's easy.

Read at 24/7 Wall St.