Every parent wants to do what is best for their children. You hold their hand crossing the road, wipe their face when it is dirty, teach them how to make a cup of tea (if you are like my Mother), how to run the washing machine in preparation for flying the nest, but one of the best feelings ever is to hand them a piece of paper which says,
– “You don’t have to worry about the cost of going to university”
– “Here are the keys to your first car”
– “You want to take a year out to experience the world, it’s taken care of”
Finding these amounts of money does not happen overnight and planning from a child’s young age could be the difference between having the ability to say the above or for them to be saddled with a large university debt which may take them years, if ever, to clear.
The more children you have the greater the expense of these will be.
Cash savings rates are not giving the return they previously were and these increasing in the future looks unlikely. Trying to make this money grow in value, not just from the sacrifices you make, but making it work hard to provide good returns is paramount long term.
Every parent wants to do what is best for their children. You hold their hand crossing the road, wipe their face when it is dirty, teach them how to make a cup of tea (if you are like my Mother), how to run the washing machine in preparation for flying the nest, but one of the best feelings ever is to hand them a piece of paper which says,
– “You don’t have to worry about the cost of going to university”
– “Here are the keys to your first car”
– “You want to take a year out to experience the world, it’s taken care of”
Finding these amounts of money does not happen overnight and planning from a child’s young age could be the difference between having the ability to say the above or for them to be saddled with a large university debt which may take them years, if ever, to clear.
The more children you have the greater the expense of these will be.
Cash savings rates are not giving the return they previously were and these increasing in the future looks unlikely. Trying to make this money grow in value, not just from the sacrifices you make, but making it work hard to provide good returns is paramount long term.
Helping children financially without suffering yourselves takes long term planning.
