If your daughter is
the apple of your eye then you will want to safe guard her future by opening a
long-term regular savings account. There are many things a girl needs in her
life and here are a few of the big ones that you are better preparing in
advance for.
Your daughter has now
turned 17 and instead of excepting any old banger like you know doubt did in
your day she will want to be seen something a bit more ‘I’m a new driver and
want a new car, not a new to me car’. As
well as buying and insuring the car there are also the lessons and tests to pay
for and for the sake of your wallet let’s just hope she picks things up quickly
and passes everything first time. After that there are also the continual costs
of running and maintaining a car.
You’ve seen her
through and watched her grow from primary to high school and then attend
college but all this has been while she has been safely living under your roof.
Now it’s time for her to fly the nest and that doesn’t come cheep, if you’ll
pardon the pun. By saving throughout her life you can help your daughter with
rent and all the things she will need such as a bowl, just incase she wants to
make that pot noodle look more upmarket.
Now she’s moving away
it could also be a great reason for wanting a new wardrobe. Hopefully the accommodation
she moves into will have an actual wardrobe but you can bet your daughter will
want new clothes, shoes, handbags, scarf’s and accessories to fill it with. She
will be meeting a lot of new people and nobody aims to be the worst dressed
person in the room.
Skip forward a few
years and before you know it your daughter has graduated and found her first
job in her chosen field. Since living away while studying her thirst for independence
will have grown. Although she has her own job and hopefully the person/people
she is living with will too there is nothing wrong with helping o pay the
deposit and first month’s rent or even help out with a mortgage. Then you could
also get her a lovely house warming present, a plant if you think she won’t let
it die or maybe a nice framed family photo if you think she will.
She may have been a
princess in your eyes all her life but the time has come were she will be a
princess for the day with a lot of people watching. Your wedding day is meant
to be the biggest day of a girl’s life and with venue hire alone reaching an
average of £2,763 you may wish to help out your princess and her prince charming
not only financially but with love, support and helping with the organisation
and stress.
*This blog provides generic information and
opinions of the writer and should not be relied upon for making investment
decisions. No advice has been provided by Sheffield Mutual. If you are in any
doubt as to whether a savings or investment plan is suitable for you, you
should consider contacting a financial adviser for advice. If you do not have a
financial adviser, you can get details of local financial advisers by
visiting www.unbiased.co.uk.
Advisers may charge for providing such advice and should confirm any costs
beforehand. Any reference to taxation is based on the writer’s understanding of
current tax legislation and practice, which could change in the future.*
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