saving for the future of a baby

julieanne13

hi :-) i have just become a grandma we have never really had much money and strugled helpingour children, so i was wondering how i could start saving for my grandsons adulthood either for uni or a downpayment on a morgage? what is the best way? thank you julie

JCB2020

Given the time line involved, I believe the stock market to be the best bet

I set-up a Bare Trust for my Granddaughter paying in £100 month
Made my daughter a co-trustee so when I pop my clogs she can continue to manage it.

I hope, like you, it will give her a jump start at the beginning of her adult life.

Rollinghome

You might find this site useful: www.savingforchildren.co.uk/Grandparents-21_1.html