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A Child's Savings Incentive Plan

The summer months for many students mean no school, a break from normal routines, late nights, vacations and trips to the pool. Amongst all this fun, many young students use this time of year to earn a few bucks through various forms of part or full-time employment. While seeing their children earn income many parents often ask, “How can I encourage my child to save or educate them on the benefits of saving early?” An idea to help parents answer this question can be found in a strategy that I have termed “A Child’s Savings Incentive Plan”.

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