As stated above I have a savings goal to save at least $10,000 for each of my three kids to give them a safe starter car as early as 16 years old.
I already have enough saved for our emergency fund in a HYSA. I max out my retirement accounts, and am on track to save around $100,000 for each child by the time they are 18 for college in 529 plans.
I’m not sure how to save for the gift I mentioned above, I’m thinking just putting the money in a savings account could be a missed opportunity. I’m considering other options - stock market, bonds, etc.
I’m just looking for advice here really, I’m open to being aggressive with risk for this goal.
Thank you
Submitted August 31, 2021 at 08:58AM by Low-Wealth-7627 https://ift.tt/2V4tfIE
