Do you save for your children's future?

Do you save for your children's future?

We often hear about the cost of living today and the continuing rise in costs of raising children today, so are we really expected to be able to save for our children's future as well? Apparently we are.

1525

New research by Teachers Assurance, in conjunction with specialist Opinion Matters, involved over 2,000 adult respondents from across the UK and questioned each about their attitudes and behaviours when it came to saving for their children. Here's some of the findings, which stat sounds most like your household?

* 53% of parents were not teaching their children about savings habits.

* 38% of parents were saving on behalf of their children with the intention of gifting this to their child at a set age.

* 57% of parents were saving for their children in their name, with the average contribution amounting to less that £2,000 by the child's 18th birthday.

* 21% of parents planned to provide £5,000 or more towards their child's university education.

* 38% weren't planning to contribute anything towards the cost of their child's first home.

* 55% wouldn't contribute any money if their child wanted to travel the world.

Of those who weren't saving, 65% couldn't afford to while 30% felt that money saved now wouldn't be worth a relative amount in the future.

RELATED ARTICLES

Related Articles

Flexible working: Dismiss the stigma
Money & Work
Flexible working: Dismiss the stigma
Flexible working: Dismiss the stigma Staying at home is a choice for some mums...
How to invest in your child's future
Money & Work
How to invest in your child's future
How to invest in your child's future It's an expensive business having children...
Be sure you fit your car seat correctly
Safety & First aid
Be sure you fit your car seat correctly
Be sure you fit your car seat correctly This week marks Child Safety Week so...
Can you keep your baby safe in water?
Safety & First aid
Can you keep your baby safe in water?
Can you keep your baby safe in water? Swimming is great for our children, we...

prepare-yourself-for-giving-birthLabour and Birth

How to prepare yourself for giving birth

So what do you need to know to get you ready for labour?
4-instamums-on-pregnancy-and-birthPregnancy

Clemmie Hooper and her mum squad on pregnancy and birth

Midwife and Author Clemmie Hooper and her mum sqaud on how pregnancy and birth was for them.
cozy-n-safe-merlin-car-seat-best-for-permanenceTravel

Cozy 'n' Safe Merlin Car Seat best for rotation

Innovative materials and a parent-friendly focus are the hallmarks of this car seat.
win-a-butlin-s-just-for-tots-break-with-baby-bornWin

Win a Butlin's Just For Tots break with BABY Born!

BABY born has teamed up with Butlin’s to give one lucky family the chance to win a Butlin’s Just For...
win-50-morrisons-voucher-and-heavenly-tasty-organics-hamperWin

Win £50 Morrisons voucher and Heavenly Tasty Organics Hamper

Heavenly Tasty Organics are giving you the chance to win £50 Morrisons voucher and a hamper filled with their award...
win-signed-peppa-pig-poster-goodiesWin

WIN Signed Peppa Pig Poster & Goodies

Celebrate PEPPA PIG MY FIRST CINEMA EXPERIENCE’ in cinemas nationwide from 7th April.