Making Something out of Nothing - Early-childhood Saving

Hear how you can Make Something out of Nothing

Q. Today’s money question comes from a parent who asked: “What’s the first thing I should do to teach my children the basics of saving and investing? “

A. Capital & Credit boss Ryland Campbell advises:
“Whatever you give them for school or any other purpose, you should teach that child to recognise that it is from that savings that they’re going to be able to build their own future. In my view, the best thing a parent can do for a child is to teach that child the value and importance of money and help that child to start a little savings programme somehow so that by the time that child becomes an adolescent, that child would have a sum of money put away for a specific purpose.”