Turn your Communion money into a fortune with these investment tips

  • 📰 IrishMirror
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 98%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Morgan O'Connell's money column - 'Say we are talking €500 as a fairly healthy 'result' from the day. What do you do with it if you want to be the butt of people’s jokes in 25 years’ time?'

This is the question often asked rhetorically if it’s thought someone is being a bit tight with their money. It gave the impression that the miserly had not spent their Communion money even as an adult.

Gone are the grubby, dog-eared Post Office savings books which are filled in manually for each transaction, now there is even an app, called Money Mate for kids through Post Office Money, which promises to give kids, eh, independence and spending power, while you “retain control”. The Post Office also does a Childcare Plus 6 Year savings scheme, which gives 5.5% for the 6 years, or 0.98% tax free annual equivalent rate. There are terms and conditions of savings so check them out first.

3 Invest: Typically this would give greater returns over a long period, far outstripping Post Office and bank accounts. Take an investment of €500 into a fund provided by one of the main fund managers in Ireland.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rolling Donut boss turns attention to healthy treat market with Clever Foods acquisitionLisa Quinlan has seen the family business expand from its one iconic stall in O'Connell Street to four individual brands
Source: businessposthq - 🏆 8. / 71 Read more »