This is Mrs. Teddy Banks, half-sister ng lahat ng teddy ni sofi (teddy, teddy big, teddy oink-oink, etc.). She's currently recuperating from the wound she incurred from the caesarian operation she had the other day. The operation was done by Doc Elizaga (aka fisherboy, computer techie, Mr. Photograper, Mr. Barber and Daddi).
All the coins we got from Mrs. Banks were traded into bills courtesy of Mama and it amounted to P1600.00 We also dropped a few bills inside which totalled to P4500.00. These plus more bills inside her drawer made her richer than I am right now. Since I have a month to spend, i thought of opening an account for Sofia so all her monetary gifts and savings will earn interest. I figured, sayang naman if it just stays inside the drawer. Although I haven't decided if I will place it in a Time Deposit and roll it until she reaches 18. Or maybe open a kiddie account, perhaps from Metrobank or BDO then just add more as she grows.
Jaims and I promised not to spend the money she got from her birthday, baptism and Christmases. We borrow money from her, occasionally, but we made sure that she gets paid the same amount we owe her. I think this will be a big help to us when she starts going to school. Since no one can really trust educational plans nowadays. But the question is, where should I place her money? Savings? Time Deposit? Trust Fund? or drawer? :p
waddyathink?
Depends on how long you want to keep the money, mare... TD's are OK, you can also try to check bank's UITFs, which are like mutual funds. Yeah, don't trust educational plans these days :)
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