If you’re keeping a Kiddie Savings for your children, might as well put them on mutual funds.
Say they’ll have 5,000 a year xmas gift for 15 years. If you put it in bank savings, that would be P75k+ in total. If it’s invested earning 10% per annum, that’s P174,000.00+ in total.
Power of compounding interest. You just have to know how!
