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My in-laws like to give my kid cash for holidays, usually $20 at a time. We've just been holding onto the cash in an envelope because we aren't really sure what to do with it. We were thinking it might be smart to put it in an account for her or something so that it can grow and then she can have access to it later (kid is 18 months).

I don't know if we should invest the money (current value is $190) or just put it in a high yield savings account like Ally. Can I even open an account for her at this age?

Thoughts? Suggestions?



Submitted May 01, 2018 at 09:34AM by DrWhoverse https://ift.tt/2JDkauX

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