Many parents eventually run into the same uncomfortable math.
The money you put aside for a child does the most work in the years when you have the least of it to spare. Time is the ****** et. Cash is the constraint.
A dollar deposited in a baby's first year outruns several dollars deposited in that child's teens. Almost ****** ody manages it, because the first year of a child's life is also the most expensive one you have had so far.
Workplace benefits were never really built to solve that problem. Your 401(k) match helps you. Your health plan keeps your family upright. Your flexible spending account gets raided by December.
Very little in a standard benefits package puts money into an account that belongs to your child, sits in an index fund, and does not get touched for 18 years.
#money #child #year
The money you put aside for a child does the most work in the years when you have the least of it to spare. Time is the ****** et. Cash is the constraint.
A dollar deposited in a baby's first year outruns several dollars deposited in that child's teens. Almost ****** ody manages it, because the first year of a child's life is also the most expensive one you have had so far.
Workplace benefits were never really built to solve that problem. Your 401(k) match helps you. Your health plan keeps your family upright. Your flexible spending account gets raided by December.
Very little in a standard benefits package puts money into an account that belongs to your child, sits in an index fund, and does not get touched for 18 years.
#money #child #year
3 days ago
