The best time to start saving for your child is now
The period of saving for a child usually extends over a number of years, even a decade. In the long term, even small sums add up to a considerable amount from regular monthly saving.
- Saving for your child is easy when it is part of your monthly routines.
- With regular monthly saving, you will benefit from the effect of compound interest and you will receive a return on the return paid on it, i.e. you will be paid interest on the interest you have received.
- Saving every month allows you to spread out your investment over time and benefit from market volatility.