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WebJul 4, 2024 · While parents may pay $8.91 per week to the average kid in this age group, kids don’t get the same benefit by age. In fact, a 4-year old earns almost half as much as an 8 year old ($4.18 per week vs. $8.01 per week) while a 14 year old earns almost twice that amount ($13.87 per week). WebMay 17, 2024 · If you want to start investing young, you need to make sure you have your finances in order. Follow these steps to help you get started: 1. Determine How Much to … You can invest for your child through a traditional brokerage account. These accounts give you full flexibility and broad investment options: You can invest in stocks, bonds, mutual funds and exchange-traded funds (ETFs) or predesigned diversified mixes, such as an Acorns account. Money can be used for any kind … See more Custodial brokerage accounts work a lot like accounts you use to invest for yourself. You can choose to pick your own investments at a traditional brokerage or use precrafted diversified mixes, like those in Acorns’ portfolios. … See more 529 accounts let you invest for your child’s education—and that’s about it. While the definition of what counts as education has expanded to include colleges, universities, trade schools, private … See more While any type of investment account will allow you to invest on your child’s behalf, which account type is best for you ultimately depends on your goals. A gift solely for their education, for instance, might be best kept in … See more Though they’re traditionally thought of as an investment option for working adults, Individual Retirement Accounts (IRAs)are technically available … See more topgolf birthday discount