NewStats: 3,263,870 , 8,181,676 topics. Date: Sunday, 08 June 2025 at 12:24 PM 4598

Saving money is vital for every human survival especially now that the economy has changed terribly.

Aside saving money for my children,which i am yet to start,I have secured lands for them.

I want to know how much,I mean what percent of one's income should be saved for them till they are 18tears of age?

That should depend on how much you earn and your financial capacity..

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It depends on how much your income is. Mark out a good percentage that will sum up to something huge in a matter of years

10k monthly for each of them, local man cannot can

Nice2023:
Saving money is vital for every human survival especially now that the economy has changed terribly.

Aside saving money for my children,which i am yet to start,I have secured lands for them.

I want to know how much,I mean what percent of one's income should be saved for them till they are 18tears of age?

saving money that will depreciate in value?


Y don’t u build investments in their name?

Land is also cool cos it will appreciate

I've a friend we graduated 🎓 together, that works in mutual benefit assurance, she introduced me to a 5years saving plan which is individual savings and protection plan (ISPP), that's what I did for my daughter...

My daughter is now 2years 5month, so I've been saving 10k for her since then, I can't collect it until after 5years...

After the 5year, I will do another one for her again, until she clock ⏰️ 18 and have access to her fund, so help me God

She has like 350k now, there are sometimes I save 20k in a month, if I have excess for that month...

I can't come and kill myself...

Lol Save your Kidney...


No be according to your Pocket you go start savings and plan....



You people just want to turn everything to competition or seek attention...


If you sha wan save make sure say na Dollar savings or any foreign currency if na Naira forget it the money fit no get any value when them need am.

If you can, build in their name and watch them live out a life less dependent on you from birth in of bills and have an inheritance before you leave this world.

Question now is, to build house na beans

As much as you can save

I am not sure any amount is good or bad however, we should invest in them so that they can stand by themselves and run their race with or without us. If possible, contribute a large downpayment in their 1st mortgage and ensure they do not have student loan debts upon college graduation.

It depends on how many children u r having

wunmi590:


I've a friend we graduated 🎓 together, that works in mutual benefit assurance, she introduced me to a 5years saving plan which is individual savings and protection plan (ISPP), that's what I did for my daughter...

My daughter is now 2years 5month, so I've been saving 10k for her since then, I can't collect it until after 5years...

After the 5year, I will do another one for her again, until she clock ⏰️ 18 and have access to her fund, so help me God

She has like 350k now, there are sometimes I save 20k in a month, if I have excess for that month...

I can't come and kill myself...

at what interest rate if i may ask

Who Are Bola Tinubu’s Children and What Do They Do For A Living?

https://www.youtube.com/watch?v=mbgFdNw0XaM

GboyegaD:
I am not sure any amount is good or bad however, we should invest in them so that they can stand by themselves and run their race with or without us. If possible, contribute a large downpayment in their 1st mortgage and ensure they do not have student loan debts upon college graduation.

Why you dey advice us with term like "mortgage" and "student loans" like we live in a functional society

wunmi590:


I've a friend we graduated 🎓 together, that works in mutual benefit assurance, she introduced me to a 5years saving plan which is individual savings and protection plan (ISPP), that's what I did for my daughter...

My daughter is now 2years 5month, so I've been saving 10k for her since then, I can't collect it until after 5years...

After the 5year, I will do another one for her again, until she clock ⏰️ 18 and have access to her fund, so help me God

She has like 350k now, there are sometimes I save 20k in a month, if I have excess for that month...

I can't come and kill myself...

Wow this is the most responsible thing to do when she is 18 she has 3 million that can see her through a 5/6 year course in a state or public uni provided inflation does not render the money to a paltry sum

just2endowed:


at what interest rate if i may ask

5% for total contribution per annum....

I don't even care about that, I just want to save it, because the present Nigeria is not smiling, as you are earning you are spending it immediately...

It might have gone up, but when I started, it was 5%

RenegadeX:


Wow this is the most responsible thing to do when she is 18 she has 3 million that can see her through a 5/6 year course in a state or public uni provided inflation does not render the money to a paltry sum

God bless you, you go like money 💰, for you to quickly calculate it 😆

Nice2023:
Saving money is vital for every human survival especially now that the economy has changed terribly.

Aside saving money for my children,which i am yet to start,I have secured lands for them.

I want to know how much,I mean what percent of one's income should be saved for them till they are 18years of age?

It's good to invest in your children as soon as possible, I love that , I will also do for mine by God's grace 🙏

wunmi590:


God bless you, you go like money 💰, for you to quickly calculate it 😆

Who no like money chief? 😎

Did I inherit a cock from my father?

I don’t have a child yet. But got plenty of lands around which appreciates on a regular basis. Have my building on one and that’s the only house I may build . If dem like , make dem sell the land take chop agbado when them grow, na them sabi. I’ll keep buying tho and I am thankful because I have never sold any land because of financial difficulties over the years . But for naira, nothing de. Na nkwobi and Heineken money de my acct plus emergency funds

Q

Give them quality education and proper home training