Give your child a head-start by investing in them. WISE Kid is a simple way to invest for your children who are under the age of 20. It allows you to open a joint investment account with your child from as low as ZMW500 which is ZMW125 per week.
At Prudential, we believe that teaching children good money habits is no different from teaching healthy eating habits or good manners. The earlier the children understand that money is earned and not just assumed, the faster they’ll begin to appreciate its value. And children who learn about money early will likely have healthier financial habits later in life, when it counts even more.
Apart from the usual discussion between children and parents where the parent is explaining to a child why they cannot buy what a child wants, many parents do not talk to their children about money. Like discussing where babies come from, talking to our children about money can be an overwhelming task. But it’s one you need to take on as a parent and Prudential would like to walk that journey with you.
How does the WISE Kid Investment Fund work? The WISE Kid Investment Fund allows your child to do “some” Work for you, then you pay them for the work they have done to Invest Steadily and then Enjoy (WISE) after the maturity of the investment.