Posted on: 04 Nov, 15
Investing and saving for your children or grandchildren is a great way to give them a good financial start in life. Even small amounts can really add up if you save regularly from a child’s birth, and there are many ways to invest on behalf of a child.
You need to take into account how much you can comfortably put aside, and how much you’ll need at the end of the period and if you’re saving for something sizeable, such as helping them through university or onto the property ladder. You may want to opt for an option that has the potential for more growth – even if this can’t be guaranteed. Investing and saving for your children or grandchildren typically means taking a reasonably long-term view.
Give your children or grandchildren the best start in life, and with some early financial planning, you could help them...
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