How To Save For Your Children
Money : Saving Most parents try to save money for their children. Of course depending on their financial situation, this could be quite simple or very difficult to do! So what can you do if the cup isn't overflowing with wads of cash to stuff in some account - how can you still save some nice little windfall for when your children reach 18 and finally can look after themselves? Well, try to claw together about ?50 a month if you can - either by cutting back on entertainment, disciplining your budget and avoiding the finer foods at the supermarket - or simply rather than treating baby to expensive toys early on save the excess instead! Then invest the money into an index tracker. The other key of course is that the money has to be left alone - and the pot of gold at the end of the 18 years could be worth in the region of ?20,000 - not bad is it!
Questions about money management:
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