Doing some quick sums I discovered that if you saved roughly $480 a month from when your child is 5 until they are 20 with a 2% interest rate, they'll have $100,000. This changes slightly to around $440 a month at 3% interest. Given a low interest rate environment, getting kids to save this much money each month might be difficult. But if they do this it is a nice deposit for a property or a good start for tertiary education.
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