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Saving for the future

by Mark Woodgate

It seems a long way off when they’re born, but your kids will be relying on you for the next twenty or so years. Their rattles and soothers soon make way for playstations, guitars, bike, hockey equipment, dorm room computers, and cars. Add to that the rising cost of college, and you’ll be lucky to have two over-mortgaged sticks to rub together.

The best plan is to start early, and save little and often.

The fantastic effect of compound interest should help that cash to grow really well, and most countries offer tax breaks, and even help to get started.

See here how much it could all cost…

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Posted in Fatherhood, Finances, General on April 3rd, 2007

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4 Responses to “Saving for the future”

  1. Neel Says:
    April 4th, 2007 at 7:51 am

    When my twins were born, suddenly we became money conscious. Kids do that to you. Money becomes more and more important when they come into the picture.

    And it never seems to be enough:)…considering diapers,bottles,etc,etc…

  2. DaveP Says:
    April 4th, 2007 at 9:53 pm

    Make the little darlings get part time jobs, then they won’t be stealing all my hard earned cash.. I’m joshing of course ;)

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