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Ep 18: How To Invest Your Children’s Allowance
Manage episode 392136927 series 3526983
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In this enlightening episode of The CHP Podcast, I delve into a crucial topic for parents in Ireland: how to effectively invest your children’s allowance for a prosperous future. Joined by Niall, financial expert from Financial Planning Matters, we explore the intricacies and benefits of the Children's Regular Savings Plan.
We discuss everything from the basics of setting up the plan, to its risks, rewards, and tax implications. Our conversation covers critical questions like the plan's accessibility, legal aspects concerning the child’s funds, and its comparison with other savings options like state schemes, banks, or credit unions.
Whether you're a seasoned investor or just starting to think about financial planning for your children, this episode is packed with valuable insights and practical advice on making the most of the €140 monthly children's allowance. Tune in to learn how to secure your child’s financial future, one smart investment at a time!
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