
The urgency of forward planning and saving for children is back in the spotlight, as a new report from the Family & Parenting Institute puts the cost of raising a child at £800 a month Read More

The urgency of forward planning and saving for children is back in the spotlight, as a new report from the Family & Parenting Institute puts the cost of raising a child at £800 a month Read More
In a gender analysis of the June 2010 budget, Shadow Welfare Secretary Yvette Cooper claims that 70% of tax cuts will hit women only.
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In an unexpected move against savings for children, the government has announced that the Child Trust Funds Scheme is to be completely scrapped in a phased move from August 2010.

Only the Labour Party supported continuing access for all to the Child Trust Fund Scheme. The Conservatives want it limited to only poorer families, the Lib Dems want it scrapped. The writing may be on the wall for the most successful children’s savings initiative in the history of the country.

When planning your children’s savings, factor in £383 per year for technology – for everything from computer games, music downloads, and mobile phone costs, says Halifax in a new survey published this week.
Almost 3 in 10 parents are forced to remortgage their homes, due to a lack of financial planning for a growing generation of Yuckies (Young Unwitting Costly Kids), according to a new report from The Children’s Mutual. These are the parents of the ‘Babygloomers’ generation.

The cost of sending a child born this year for a 3-year course at university in 2028 is likely to top £64,000. University costs have already reached £42,000 in 2010, and are rising every year. To manage such a substantial challenge, forward thinking and family financial planning are crucial.

The government is finally recognising that our children are never too young to learn the very basics of good financial planning, saving, and general ‘money sense’.
This week’s latest statistics report from government on Child Trust Funds (CTFs) indicates that a quarter of families fail to actively open an investment fund for their children within 12 months of receiving their voucher. This has been attributed to difficulty in choosing a fund from the wide range of options available in the marketplace.
How often at this time of year do we hear a weary parent tell their child: ‘money doesn’t grow on trees’? Here are our top nuggets of wisdom to help them manage their children’s savings and ‘personal finances’. Teach kids to budget: If your child is receiving a weekly sum as pocket money, insist that [...]
















