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
Posts Tagged ‘Childrens Savings’
Saving for children greater priority than ever, says Parenting Institute
Wednesday, July 14th, 2010Children’s Savings – Children’s Mutual suspends 3 key products
Monday, July 5th, 2010
The Children’s Mutual, one of the leading UK providers of Child Trust Funds (CTFs), has suspended 3 of its children’s savings products, pending a strategy review. Government had already announced it will scrap the Child Trust Fund scheme by the end of 2010. Read More
Saving for Kids – Top Kids’ Careers cost over £100,000
Thursday, June 24th, 2010The top career choices for 5-7 year olds now need 3rd-level education. Top 3 choices are teacher, doctor and vet. These will cost over £100,000 to fund, and 93% of parents will carry that cost. Saving for kids is essential, and needs careful forward planning. Read full lists of kids favourite careers by clicking on headline above.
Children’s Savings – What options after the Child Trust Fund?
Wednesday, May 26th, 2010Children’s savings have taken a blow this week, with the announced abolition of the Child Trust Fund scheme (CTF) due to government cuts. What are the other options for children’s savings?
Govt targets savings for children by scrapping Child Trust Funds
Monday, May 24th, 2010In 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.
Children's Trust Funds – Writing is on the Wall under Cons and Lib Dems
Wednesday, May 12th, 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.
Children’s Savings – include £383 for tech toys, says Halifax
Friday, April 16th, 2010
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.
ISAs perfect for children’s savings
Tuesday, March 9th, 2010Why lose this year’s allowances for tax-free savings in ISAs? With just weeks to go before this year’s ISA allowances of £7,200 expire, you could set up ISA accounts to save for your children’s education.
Babygloomers botched financial planning for their Yuckies
Wednesday, February 17th, 2010Almost 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.
Family Financial Planning: University for your new baby could cost £64,000
Friday, January 29th, 2010
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.
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