Posted 1/5/2025 16:14 (#11042567 - in reply to #11041405) Subject: RE: New Dad: Tax Savings and College Investing Ideas
NW Wisconsin
We did the same wage arrangement with our 2 daughters. The farm paid them a wage that 3/4 had to be in savings and the other 1/4 they could use it for whatever they wanted. It taught them money management skills, kept us from being hounded for money, and they invested in a mutual fund. They both graduated from 4 years of college with no debt.