Everything Counts | Ep 5: How to save and invest for your kids' future

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Are you a parent who wants to secure your child's education and future? Do you find it challenging to balance your financial well-being with providing for your kids? Well, we've got you covered! In this Savings Month-focused episode of Everything Counts, Motheo Khoaripe hosts parenting expert Nikki Bush and Investec Wealth Management specialist Kate Stannard, to delve into the world of money, savings, and raising financially savvy children.

This episode is ideal for parents who want to strike a balance between providing for their children and securing their own financial future. We provide valuable insights and practical tips for parents who want to teach their children about money and savings.

Key moments:

00:00 Introduction
01:33 The envelope system
04:55 When is the best time to teach your children about money?
05:30 Using the piggy bank system to teach your children about budgeting, saving and investing
07:03 How do you strike the perfect balance between investing in your kids' education and future, and investing to secure your wealth?
09:35 How do you structure your finances to save and invest for both yourself and your kids?
12:05 How do you strike the perfect balance between investing in your kids' education and ensuring your own peace of mind?
14:17 How do you make sure that your saving and investing efforts beat education inflation?
16:53 What products are great for when you are starting your saving and investing journey?
18:08 How to be a good money role model for your kids?
20:05 Are there alternative ways to save for your kids besides the traditional savings options?
20:44 Creative ways to get your kids to start saving and investing
22:05 What tax implications to consider when saving and investing for your kids
24:21 How do you teach kids the consequences of their financial decisions?

Everything Counts is a bi-weekly podcast series that focuses on money and financial wellness. Hosted by 702's Motheo Khoaripe, each episode tackles various aspects of personal finance, including saving, spending, investing, pitfalls to avoid and tricks to succeed. The podcast aims to provide valuable information and expert guidance to help you improve your financial well-being.

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22 Jul 2024 English South Africa Business · Investing

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