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schteve_d · 11-29-2022, 06:10 PM

I am trying to help my girlfriend's daughter to start saving. She is 15 years old and has just started her first job.

I told her that if she was willing to put in $150 I would match it and we'd invest it and get her started. I've been talking to her about compounding interest and all that good stuff; lots of things that I wish I had learned at her age!

Any good advice on what I should get her started with at her age? TFSA, RRSP? She plans to contribute a small amount every month as she won't be making a whole lot of money.

I'd like to get her into something she could watch with an app on her phone, whether it's through a bank or whatever so that she can see her money slowly growing. Hopefully!

I'm a financial rookie myself and don't do much else but contribute to an RRSP that I started years ago so any advice is appreciated.

11-29-2022, 06:10 PM	#517
schteve_d First Line Centre Join Date: Aug 2004 Location: Fort McMurray, AB Exp:	I am trying to help my girlfriend's daughter to start saving. She is 15 years old and has just started her first job. I told her that if she was willing to put in $150 I would match it and we'd invest it and get her started. I've been talking to her about compounding interest and all that good stuff; lots of things that I wish I had learned at her age! Any good advice on what I should get her started with at her age? TFSA, RRSP? She plans to contribute a small amount every month as she won't be making a whole lot of money. I'd like to get her into something she could watch with an app on her phone, whether it's through a bank or whatever so that she can see her money slowly growing. Hopefully! I'm a financial rookie myself and don't do much else but contribute to an RRSP that I started years ago so any advice is appreciated.