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Old Mar 17th, 2011, 09:17 AM   1
Hs1987
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Baby fund


Well today I have started a baby fund iv hidden a box in the house that I am going to add money to each week. I do have a lot of money in savings but I thought at least this way I can try and prove to my oh that I'm ready for this. So that when the time comes when we ttc I can show him. What I have done to prepare. Iv decided to not mention anything baby related to oh for 6month or even a year as it's really not getting me anywhere at the moment and I don't want to push him even further away from saying yes and it will give me plentny of time to get lots of money into my baby fund box.
Is anyone else doing anything similar?



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Old Mar 17th, 2011, 09:29 AM   2
bobsiesgal
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hmmm, i wouldn't put cash into a box hidden in a house, its not very safe (but then my sister is a theif so i'm biased), you also don't get interest that way and if your wtt for a long time you could potenially loose out on quite a bit of interest.

it's a good idea to save, but why not open an isa? they are tax free up to a certain amount and have a higher interest rate than normal savings accounts, then you could put money into that to prove to your OH that your prepared?



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Old Mar 17th, 2011, 09:49 AM   3
Hs1987
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I had thought about an ISA but because I already have a lot of savings I have got bonds and and ISA already which is at full capacity and have still got money which I will be putting into anotha ISA nxt month that will be full swell so I won't be able to open an ISA for another year. Once I have got a bit saved up I will probably put it in2 a savings account tho. I no what you mean about having cash around I dont like to leave it about really.



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Old Mar 17th, 2011, 11:54 AM   4
odd_socks
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yeah ive got a secret savings box already has a fair bit in it too



 
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Old Mar 17th, 2011, 12:44 PM   5
buttons1
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When I was pregnant with dd we had one of those urn things which you smash to get the money out we put money in it until linear born and smashed it when we came home from hospital there was over 500 in there and everything I bought for lo for a few months came out of that I will def do it again when I start ttc



 
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Old Mar 19th, 2011, 00:22 AM   6
lilmissbroody
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I opened a high interest savings account and put, at the very least, $100 a month in. at the moment its usually getting that a week. this will be for the baby once they are born. my dad is really good with banking and financial planning and started that with me from a young age. when i was 14 i got a part time job and only 5% was taken out for my spending, the rest i saved up and paid for the car i now own and the house i am renting to own off my parents.

but yes, i think the baby fund is great idea, maybe think about putting it in a bank account as you can get more out of it - just do your research and be careful with t&c's
hope this helps =)



 
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