I was lucky that as a child my Mom opened us a building society and myself and my sister both have a full complete set of Natwest Piggies which are worth a few hundred pounds now. It was inbuilt very early age how important savings are.
I have taken this on with my own children. As very small babies I registered all three with savings accounts. Charlie was born in the time of the Child Trust Fund so he had a smaller extra bit of money tucked away for when he’s older. But in reality – yes I have opened them, and yes money that they are given from family and friends often goes straight to the piggy bank but do I really know all the ins and outs of the accounts? I’m afraid not.
It’s a funny thing now savings. Many of my friends never had a savings accounts. I’m lucky that I am aware of the merits of savings but have YOU thought about it for your kids? My savings helped me furnish and decorate out my first house when I left home. My sisters went towards her mortgage. Without savings how will my kids be able to buy and furnish their own homes or buy their first cars?
I came across F&C Investments who provide lots of information to parents on how best to invest and save for your kids futures.
Do you know what is the best account for your family or even the basics of where to invest yours and your childrens money?
You can find out more by going to the website. Maybe make it something on your to do list this weekend – no one is getting any younger eh?! I definitely want to compare to ensure that I’m getting the best deal for my kids savings.
This post was written in collaboration with F&C