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Funding Your Future: Birthday Gift Ideas

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Posted at 1:47 PM, Jul 06, 2016
and last updated 2016-07-06 15:47:18-04

Financial expert Rachel Langlois with Cyprus Credit Union shares some fun and creative birthday gift ideas.

  • College fund: start or add to a child's college fund. Give them their favorite school's hat or sweatshirt to get them excited about attending college one day.
  • Roth IRA: If you add $1,000 to their fund when they are 17 years old, by the time they retire it will be $27,000!
  • Foreign money: Give them money from a different country that they can save and admire.
  • Fake money: Give them the amount of money you added to one of their savings accounts in monopoly money.
  • Savings Account: Start a savings account for their birthday. Cyprus Credit Union gives kids 10% interest on their savings accounts! You can find more information here.