• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About Me
  • Work with Me
  • Disclosure Policy
  • Navigation Menu: Social Icons

    • E-mail
    • Facebook
    • Instagram
    • Pinterest
    • Twitter
    • YouTube
Mummy..Mummy..MUM!!
  • Family Fun
  • Family Holidays
  • Family Day Trips
  • Kids Crafts
  • Learning Activities
  • Home and Interiors
  • Reviews
Home » Saving for the future

Saving for the future

September 22, 2016 by admin Leave a Comment

Saving for the future whilst living in the present isn’t always easy. There was a time when we paid a small amount into our children’s saving accounts each month, but somehow when the accounts expired I never found the time to start them up again. Now the children are older the cost of looking after them has increased hugely, thanks to seemingly endless amounts of music and sports lessons outside school, we pay around £350 in gymnastics fees for example.

It’s always in the back of my mind to start saving for them again, but as yet it’s one thing on my list I haven’t managed to action. Interest rates being so low doesn’t really encourage me either, but at least money in a bank account can’t be spent.

It’s not quite the same as saving monthly, but I do make my children save all their birthday and Christmas money so they will at least have those savings to help with buying a first car, house or University fees.

I am very conscious that with three children we probably won’t be able to help them out financially as much as we would hope so it’s important they save as much as possible now, and every little bit adds up. A great way to save for your child is with a Junior ISA and something I intend to open very soon!

This infographic from Shepherds Friendly titled ‘are you saving enough for your child‘ shows how parents would like their children to spend their savings and how much savings our children might need. Did you know our children could leave University with a staggering £50,000 worth of debt, and the average wedding cost is £8000? That’s an awful lot of money for parents to save, especially if they have more than one child, and has definitely made me realise I need to start saving more for my children’s future now rather than keep putting it off.

Are you saving enough for your child?

are-you-saving-enough-infographic-final

Filed Under: Family Finances Tagged With: children's savings, save for kids, save for university, Saving, Savings

Previous Post: « How to save money on maternity leave
Next Post: Full Steam Ahead at Moors Valley »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Search my blog

Some more stuff to read!

  • How To Relax Better at Home
  • Creating a Brand
  • 6 Ways to Make Your Home Feel Light and Bright
  • Top Tips for Keeping a Baby Warm in Winter
  • Lapland UK 2020
  • Top tips for making great blog and Pinterest images
  • 4 Interior Design Trends For The Modern Family Home
  • Recycled Cardboard Box Car Park
  • What is Stamp Duty and How Are Things Changing?
  • Easy Christmas Cookie Recipes
TOTS100 - UK Parent Blogs
TOTS100

Footer

Lapland UK Post Office

Copyright © 2021 · Market theme by Restored 316