M’sian Shares How Parents Can Build RM50K Savings For Their Child By Age 18 Through RM100 Monthly Savings | WeirdKaya

As the cost of living continues to rise, more Malaysian parents are becoming increasingly aware of the importance of financial planning to secure a better future for their children.

According to mStar, licensed financial consultant Faiz Zulfakar recently shared how parents can potentially build substantial savings for their children by starting with just RM100 a month.

Start with RM1,000 and invest consistently

In a Threads post, Faiz introduced what he called the “Wealthy Kid Plan 101”, where parents can open a Unit Trust account for their child with an initial lump sum of RM1,000 before consistently adding RM100 every month until the child turns 18.

According to him, the account could potentially grow to around RM52,000 by the time the child reaches adulthood, based on an estimated annual return of eight percent.

Savings could grow close to RM1 million

Faiz also explained that the amount could increase significantly over a longer period of time, even without additional contributions.

He said if the savings were left untouched after the child turns 18, the investment could potentially grow to nearly RM1 million by the time the child reaches 55 years old.

However, if the child continues the habit of investing RM100 monthly from age 18 until 55, the total amount could potentially reach RM1.27 million.

“You just need to start”

Faiz stressed that the key to long-term financial growth is starting early and staying consistent, rather than having a large amount of money at the beginning.

His post has since resonated with many Malaysians online, especially young parents looking for simple and practical ways to build long-term financial security for their children.

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