Posts Tagged ‘Childrens Savings’

Children’s Savings – include £383 for tech toys, says Halifax

Friday, April 16th, 2010

Children's Savings - include £383 for tech toys, says Halifax

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, 2010

Why 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, 2010

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.

Family Financial Planning: University for your new baby could cost £64,000

Friday, January 29th, 2010

Financial Planning for University

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.

Personal finance education becomes compulsory in primary schools in 2011

Wednesday, December 23rd, 2009

Personal Finance Education

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’.

Financial advisers vote for children’s pension as Xmas gift

Wednesday, December 23rd, 2009

Childrens Pension

Forget that pink lady doll and the games console – a brand new pension is the gift of choice from financial advisers for their children, according to new research by financial software specialist 1st-The Exchange.

Saving for a rainy day takes priority over saving for retirement

Monday, December 7th, 2009

The recession has taken its toll on the mindset of Britain’s savers, with saving for emergencies now top priority in their financial planning, according to National Savings & Investments (NS&I).

While retirement saving was top priority three years ago, pension planning has now dropped into 4th place in autumn 2009, as savers seek to squirrel cash away for a rainy day, according to the Autumn 2009 Quarterly Savings Survey by National Savings & Investments.

Continued confusion over Child Trust Funds

Wednesday, December 2nd, 2009

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.

Teaching children savings and money: 10 top tips

Tuesday, November 24th, 2009

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 [...]

Quarter of families not saving for children's future

Tuesday, November 24th, 2009

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Are you saving for your children’s future? Over a quarter of UK parents are not, according to new research published this week by Abbey Savings*.

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