A Christmas gift that will keep on giving
Written by Paul Dodd on December 07, 2014.
I don’t know about you but I have been through some tricky financial periods in my life and they have been wretched, although thankfully transitory, times. When you are facing a financial crisis you not only have to deal with the stress of putting food on the table and paying the bills, but also the worry and sleepless nights that come with it.
Imagine if you could give your child or grandchild a Christmas present that could provide them with the security of knowing that they will never have to go through financial crises such as those. Sounds fanciful doesn’t it? Or maybe not…
Why not consider the gift of regular contributions into a savings plan for a loved one this Christmas? Regular payments over a number of years are an excellent investment to build up a lump sum and using compound interest to make a real difference to their financial future.
To give an example, if you have a newborn in your family, investing £250 on their behalf each month in a fund offering 6.5% interest will give them a nest egg of over £100,000 by the time they celebrate their 18th birthday. That’s a sizeable chunk of cash to start adult life with - enough for a decent deposit on a house or to finance a university education enabling your loved one to graduate free from debt. If you’re not content with that, how about this suggestion to make your grandchild a millionaire by the time they retire at 60!
The fact is that our children and grandchildren are living in challenging times. The safety net of state benefits and company pensions is being pulled out from under their feet and will make them more vulnerable than previous generations to financial insecurity. If you are looking to give a gift that can transform and make a real difference to the lives of your nearest and dearest, why not get in touch to see how we can create a Christmas gift that will keep on giving for many years to come.