£250 child's money

Mimi_Arc_en_ciel

ok - Meghans recieved her £250 to invest and i have until she's 12 months to decided what to do - shes now 10 month old! - what the heck am i supposed to do!!! Ive heard they can invest it - but i dont want them to lose it - she already has a normal bank account so people put money in that one so wont be adding to the £250 and when i called Natwest etc they all said they'd send out lefleats but its all confusing!!!

eek! :eek:

TRUSt_NO_1_2

mommyme wrote: »

ok - Meghans recieved her £250 to invest and i have until she's 12 months to decided what to do - shes now 10 month old! - what the heck am i supposed to do!!! Ive heard they can invest it - but i dont want them to lose it - she already has a normal bank account so people put money in that one so wont be adding to the £250 and when i called Natwest etc they all said they'd send out lefleats but its all confusing!!!

eek! :eek:

If you can get the money and buy a roll (containing 20) mint (brand new) Silver Eagles (coins) (look on ebay) and hide them in your house...then wait a couple of years.
They're about £10 each right now.

Mimi_Arc_en_ciel

its a cheque that has to be paid into a bank account and the bank invest it for ya - cant member the name of it, its late and im tired lol

trust fund money - THATS THE ONE lol

wriggly

It sounds like a Child Trust Fund. There is a sticky thread on CTF's near the start of the Savings Forum. Have a look through that for what others have already asked and answered.

Mikeyorks

Work your way through this ... it's not really that difficult. You can either take out a cash CTF or an Investment one ..... but you need to get on with it otherwise the Govt will decide for you!

And open the .PDF file which is within the first couple of paras inside the link ... some relevant info there.

http://www.moneysavingexpert.com/savings/child-trust-fund-vouchers