WHen DS was born I opened a bank account for him, to make sure he never went without ANYTHING....
I have the account set up by my signature only, DH can't even access it. But it is my gift to my son. I have put his baby bonus in there and only had to use money once for an emergency.... He is only two but has nearly 9,ooo. The baby bonus plus interest.
when I have my next child in August I will do the same. it's not necessarily for their 18th or 21 St as at that time ALOT of ' people' aren't even sure what to do with that sort of cash, but it is for them, one day, and It will be from DH and I, It's just that DH has the travel bug ALWAYS so I keep him away
BTW When my parents pass And grandparents etc there will be more than enough to go around and to create trusts, but they are my kids and I want to know I've done this for them
Last edited by Mum2Romone; March 1st, 2011 at 03:51 PM.
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