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Alvin Hall's Top Tips for saving

Savings can be child's play - Alvin Hall's Top Tips for saving  Alvin Hall

TV’s independent financial expert Alvin Hall says: “Money matters can be daunting. But no matter how complicated they seem, don’t put them off! There’s usually a simple solution and you can always seek help and advice before things get too out of hand.  Why not make your new year’s resolution to get in better financial shape?  My three top tips for saving with your child are:

  • Save little and often. Most people mistakenly make saving a last priority.  But an easy way to save regularly is by setting up an automatic transfer into your child’s Child Trust Fund account of, say, £10 a month.
  • Help your child understand the value of money
    Even when they’re very little, you can still gently help your children understand the value of money – for example, shop together and try to use cash rather than credit.
  • Know how and in what ways to involve your family in money matters
    Birthday money for your child from yourself or a family member is a fantastic way to help build a nest egg for your child. 

Use this link to view Sheree Murphy's Top Tips for saving

Sheree Murphy

 

 

 

 

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