There is no denying we want the best for our child’s future. However, providing for children is by no means cheap, and it is important to have a clear view of how you are going to afford to pay for a particular goal that you feel you need to provide for your child.
Some parents wish to help their children financially by providing them with the money for their first car, towards university fees or paying for their child’s wedding. However, for the average Joe it is not affordable.
Use this infographic from Shepherds Friendly Society to work out whether you are saving enough to reach a savings goal for the future of your child.