Raising children and meeting family needs as a single parent is not easy. Many things must be done alone, such as taking care of children, doing housework, and working to improve the family’s economy.
Due to the various burdens that must be borne themselves, it is not uncommon for single parents to be smart in managing family finances and even look for additional money so that every family and child’s needs are not lacking.
Talking about children’s needs, preparing a child’s future for everyone is also an important responsibility, even for single parents. Not only the future of children but the future of yourself and your family must also be prepared as well as possible in order to live without worry.
Well, for single parents who want the best future for their children and family besides saving and increasing side jobs. Here are various types of investment products that are suitable for additional income to guaranteeWarranty Statement A statement issued by a potential customer regarding the condition of the person or thing insured. to prepare for the best future:
Right Investment Options for Single Parents, No.1
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Deposit Investment
The easiest and most hassle-free type of investment to choose from is Deposit. Not only can it be used as savings for various purposes such as education or other needs. Deposits can also be the safest and most stable investment.
More profitable than just conventional savings. Now many deposit products provide higher interest and various other benefits.
Right Investment Options for Single Parents, No.2
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Gold Investment
It is undeniable that gold is one of the oldest investment instruments and remains a favorite until now. In addition to having a hefty advantage, gold has the flexibility that many other investment products don’t yet have, namely being the easiest to convert into cash.
In addition to being an investment medium, gold can also be used as a handle for emergencies because it is easy to convert into cash. Gold is also an investment instrument that is tax-free when selling and is immune to inflation.
Right Investment Options for Single Parents, No.3
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Mutual Funds Investment
Mutual funds are no longer new in the investment dictionary. One of the favorite investment instruments of young people, including millennials. But it’s not only young people who can use mutual funds for money, single parents can also buy as many mutual fund products as possible for bigger money in the future.
There are 5 types of the most expensive mutual funds to choose from, namely stock mutual funds, mixed mutual funds, money market mutual funds, index and ETF mutual funds, and sharia mutual funds.
Besides being profitable, mutual funds are also known as investments with minimal capital and are also the most stable. Managed by an investment manager, so you don’t have to worry about your investments all the time.
Right Investment Options for Single Parents, No.4
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Forex Investment/Foreign Money Investment
Foreign exchange (forex) investment can be said to be the most suitable for those of you who like simple things but with maximum results. Especially for single parents who are too busy to take care of day-to-day investments.
Foreign currency investment can be made by opening a foreign currency savings account or directly opening a foreign currency deposit at the bank of choice. Foreign currency investments can be very profitable if you do some things right, including choosing the right currency as an investment instrument.
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Right Investment Options for Single Parents, No.5
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P2P Lending Investment
Peer to Peer Lending (P2P Lending) is a platform that connects people who want to borrow funds (borrowers) and investors as lenders.
With P2P Lending investments, investors will receive a return on the principal and interest on the loan. That’s why P2P Lending investment is the newest favorite instrument because of its convenience and benefits.
P2P lending investments can provide relatively high returns compared to deposit rates. Yields vary, but you can pocket up to 18% per year. If you divide it by 12, it means 1.5% per month.
Right Investment Options for Single Parents, No.6
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Retail Government Securities Investment
Government Securities are investment products issued and guaranteed by the Government to its Individual Citizens. Government Securities are an alternative investment product that is safe, easy, affordable, and profitable.
There are 4 types of Government Securities offered by the government, namely Retail Saving Bonds, Retail Government Bonds, Savings Securities, and Retail Securities. Because it is guaranteed by the government, retail Government Securities investment is guaranteed to be safe.
Right Investment Options for Single Parents, No.7
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Stock Investment
Stocks are an investment instrument that has long been a favorite of many people, the possibility of profits being multiplied even tens of times, making many people even make their stock investment one of the most valuable assets.
Well, single parents can try investing in stocks as an investment for the future. Especially in this era of internet sophistication, it is now easier to invest in stocks using an online system. Even now, there are many online applications that can facilitate investors to choose the best capital market to invest in.
Right Investment Options for Single Parents, No.8
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Term Savings Investment
Term savings is not an investment product, although it has similarities with time deposits. Time savings are deposits where the customer must determine the desired period of time to save in the bank.
So, when using this type of deposit, a customer may determine how long he will save and the funds in the savings cannot be withdrawn prematurely or will be subject to a fine that must be paid to the bank.
Although it is not an investment product, term savings can also be used as an alternative to other investment products to prepare for future financing.
This need can be for a child’s education or other purposes because the interest in savings offered for term savings products is higher than conventional savings in general.
Generally, the interest on these savings is only 2.5% to 5% per year. Meanwhile, interest on time deposits is higher at around 5.5% to 6.5% per year.
The Conclusion
Choose the one that suits your needs and finances
Even though the various investment products above are interesting, try to be wiser in using your income and choose the one that really suits your needs and finances for you and your family at this time.
Do not let the existence of investment not improve financial quality but actually make you crazy and forget about other priorities. Remember, investment is just another source of income, not the main one. So be wise in dealing with investments.
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