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

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.

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 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
01:31 The envelope method for saving money
03:42 Talking about money with kids
04:35 When is the best time to teach your children about money?
05:30 How to teach budgeting, saving and investing with the piggy bank system
07:00 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?
12:01 How to balance investing in your kids' education savings plan and your own financial wellness?
14:17 How to ensure your saving and investing efforts beat education inflation?
16:53 Best financial products when starting your saving and investing journey?
18:04 How to be a good money management role model
20:05 Alternative ways to save for your kids’ futures
20:44 Creative ways to get your kids to start saving and investing
22:05 Tax implications when saving and investing for your kids
24:21 How to teach kids the consequences of their financial decisions

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[HenningPretorius]

Thank you for an excellent discussion and the expert advise!