i want to save for my childrens future
| Related: | Personal Finance•Money•Children's Saving Accounts |
Answers (5)
Invest in a building society bond or equivalent which cant be used until they are 18 or something, which give a good rate of interest and you can keep adding onto them in small amounts. Its a great idea to save for your childrens future as uni costs etc look to rise.
open a child trust fund as you or the children can not get at the money until they are 18 it is a great way to save for uni or their first car. I have opened one each for my children with Barclays and it is great
I would invest in the cheapest property in the UK and pay the mortgage (like placing money in a savings account). 10-or 20 later, you sell to get your money back and possibly make a reasonable profit along the way.
I agree with De-Vale. It is what I would do myself.
People have lost some faith on the investment potential in properties because of the crisis, but long-term they are still the best investment for a moderate amount.
I think a child trust fund is the way to go. you have a good amount at the end. The problem with property, is you have to have a fairly large amount of cash to start with.
A child trust fund from a friendly society
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