As parents. We all want the best for our children, not just now, but in their future too. Luckily, there are a number of things we can do now that will give out children the best chances in life as they grow up and become more independent.
Below, you will find some of the best ways to invest in your child’s future:
1. Invest in their education
Whether it’s paying for a tutor so they can ace their 11+ and get into grammar school, investing your time in helping them learn from home, or saving as much as you can to put them through university any time, money or effort spent on your child’s education is always worthwhile. Thre better your child’s education, the more opportunities they are likely to have throughout their life.
2. Invest in the environment
You may think it’s odd to see this in a post about investing in your child’s future, but when you think about it, if we don’t have a safe planet to live on, we don’t have much of a future, so anything you can do to help the environment, whether that’s investing in green technology like electric cars or investing your time to volunteer on green projects in your local community, will benefit your child directly as they grow.
3. Invest in a pension for them
A lot of parents are unaware that you can start building a pension pot for your children pretty much as soon as they are born, but there are lots of schemes that help you do this, and it can really put your children as an advantage when they are adults. If you’re looking for a good place to invest your money long-term, that will help your children lie better lives, you could do a lot worse than to invest in such a plan.
4. Invest in Junior ISAs
Like adult ISAs, junior ISAs are tax-free and you can save several thousands of pounds in them for each child. Putting any money you can spare into such an account will help yu to build up the funds for things like education, driving lessons or even a house deposit when your children are old enough to benefit from them, and they won’t be able to access the money until they’re at least 16 so you know it will be safe.
5. Invest in their health
Without your health, you don’t have much so although none of us likes to think bout our kids getting sick, we need to do just that, and so what we can to keep them safe and healthy. Spending time and money on extracurricular hobbies like riding, running, swimming or yoga is a great wy to encourage good health as is spending more money on healthy produce. Gadgets like Fitbits and Apple watches could also represent a good investment for your child if you know they will use them. Then there are dental professionals, therapists, etc. who can all help you to help your child stay fit and well. Invest in them and you won’t regret it.
Here’s to a healthy, happy and wealthy future for all our children!
