Bypassblade Posted April 23, 2013 Share Posted April 23, 2013 Nealy brand new so we don't have it yet & don't realy need it as we manage fine so it probs will be the best idea Enjoy him or them (you might want more), trust me they grow up so fast it's unreal they are worth all the sacrifices in the long run. They never really leave home either, mine are 26 27 & 30 the youngest still at home, but the lasses here every weekend with grandkids its very tiring for me but I love it Link to comment Share on other sites More sharing options...
medusa Posted April 23, 2013 Share Posted April 23, 2013 Whatever you can put into regular savings now will have 16/18/21 years to grow, so it's definitely worth doing, even if it's only £20 a month. Link to comment Share on other sites More sharing options...
I1L2T3 Posted April 23, 2013 Share Posted April 23, 2013 Whatever you can put into regular savings now will have 16/18/21 years to grow, so it's definitely worth doing, even if it's only £20 a month. Absolutely, the magic of compound interest. Worth also looking at a stakeholder pension. Link to comment Share on other sites More sharing options...
clarissa Posted April 23, 2013 Share Posted April 23, 2013 If you do not need Child Benefit then open an account and invest it for him and before you can blink he will be 18 and be the beneficiary of a nice sum of money. Link to comment Share on other sites More sharing options...
AF Removals Posted April 23, 2013 Author Share Posted April 23, 2013 Yep this is what I thought & I want to put more than 20 a month away but even 20 over 18 years is over 4k so it's a good idea. Link to comment Share on other sites More sharing options...
Crosser Posted April 23, 2013 Share Posted April 23, 2013 It all seems like a good idea until the government decide they want a percentage of your savings to "save the nation" I truly believe that WILL happen within the next 5-10 years. Cyprus was a wake up call to us all, and nobody is listening.... They will when it's their savings which are being plundered. Just remember in a few years time when bank accounts are being plundered by the government of the day.... Crosser predicted this. Link to comment Share on other sites More sharing options...
clarissa Posted April 23, 2013 Share Posted April 23, 2013 It all seems like a good idea until the government decide they want a percentage of your savings to "save the nation" I truly believe that WILL happen within the next 5-10 years. Cyprus was a wake up call to us all, and nobody is listening.... They will when it's their savings which are being plundered. Just remember in a few years time when bank accounts are being plundered by the government of the day.... Crosser predicted this. Safe! I only have two years to wait for mine. Link to comment Share on other sites More sharing options...
Crosser Posted April 23, 2013 Share Posted April 23, 2013 Safe! I only have two years to wait for mine. For your sake, I hope I haven't got my sums wrong Link to comment Share on other sites More sharing options...
clarissa Posted April 23, 2013 Share Posted April 23, 2013 For your sake, I hope I haven't got my sums wrong You shall be forever damned with Lucifer if you have! Link to comment Share on other sites More sharing options...
Vague_Boy Posted April 23, 2013 Share Posted April 23, 2013 Going to open a bank account for my little man & start building a nice ballence for maybe 18ish. Do you do this? Was thinking of a amount that's reasonable to save to aim for X amount until he gets it. & also best banks to do this with? Unfortunately, at this time, saving is a mugs game. The top tax free ISAs only offer about 3.1%. That's less than real world inflation (not the phony baloney figures the BOE pull out of their collective asses). Over a period of years you would end up with less than you started with (in terms of purchasing power). Might as well flush it down the loo. There's less paperwork involved. Link to comment Share on other sites More sharing options...
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