Planning for your child's future

Whether you're a parent of a newborn, a toddler or an older child, it's likely that you've thought at some point about their future – where they might be, what they might be doing and what role you'll play in helping them to get there. It's never too soon to start planning for your child's future, so whatever age your child is, here are some simple tips you can follow to take the first steps towards a bright future for your child.

Education, education, education

Teaching your child to love learning is the best investment you can make in their future so make a habit early on of reading to them regularly, encouraging them to discuss their homework and find fun but educational activities that you can do together. You can find more tips here on how to get your child to love learning.

Teach them to save

Setting up a savings account for your child can be a great way to show them the importance of managing money and having good saving habits when they grow up. You can get advice on finding the right savings account for your child from the Money Advice Service. You may also want to set up your own savings account for your child's future, perhaps to save towards university fees or their first car.

Insure yourself

Getting life insurance is the best way to make sure that should anything happen to you in the future, your children will be provided for. You can read more about life insurance and find the right policy for you on the InsureMe-on-Line site.

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