Saving for a baby

Charlie1986

Ok so it's about 2-3 years before me and my boyfriend want to try for a baby but we would like to start putting by abit of money now. Say between £2-£5 a week to help with buying everything that we will need, and any money left over we will use to invest for the future of our little one. I was thinking of opening a building society account just for this purpose but i'm not quite sure where to start. I would like an account where you have to actually go into the branch and possible where the money is tied in to the account for 2 years or so (So i can't get at it for other things). Any advise would be appreciated.

$17mma

Take a look at Martins post for tax free savings accounts and Isa's for children..

Also when saving for a baby consider saving for salary loss whilst on leave for both you and OH. You may be entitled to maternity benefit for a while but will it cover your total living costs whilst you are off work and for how long?
http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1089574348,16470,

[Deleted User]

$17mma wrote:

Take a look at Martins post for tax free savings accounts and Isa's for children..

You can't start saving for a child who does not yet exist!!! The post clearly states that they want to start a family in about 2-3 years but start putting some money now to cover the expenses.