There is no questioning that the cost of raising children today is considerably high. It is possible to provide your children with what they need only if you are prepared to plan and budget well. No matter the age of your child, as a parent, you will want to set up different financial resources for each stage of life.
In this week’s Consumer Focus we look at how to carefully plan and accumulate a corpus for your children's dreams and goals.
CapeTalk/702 presenter, Africa Melane (Standing in for Redi Tlhabi) spoke to Elliot Modise, Manager for Consumer Education at Financial Services Board:
How you allocate and spend your money is going to change drastically with the arrival of the little one. The line-up of your budget will also change…— Elliot Modise, Manager for Consumer Education at Financial Services Board
It is tough but the only way to alleviate financial pressures’ in the long term will be to prepare yourself while it’s still early— Elliot Modise, Manager for Consumer Education at Financial Services Board
Listen to the full conversation on The Redi Thlabi Show with Africa Melane (standing in):
This article first appeared on 702 : Consumer Focus: How to secure your child's financial future