How UK Parents Should Be Saving for Their Children

Hot on the heels of last week’s personal finance edition of Merry Talks Money, where we discussed Lifetime Individual Savings Accounts, or ISAs, this episode sees hosts Merryn Somerset Webb and John Stepek take on a different type of vehicle: Junior ISAs. They dive into what these UK-unique savings products are and what exactly British investors are buying into when they open one.

One listener named Adam tells our hosts that he’s about to become a father and is wondering what options he has for saving on his newborn’s behalf. Webb and Stepek evaluate Stocks and Shares ISAs versus Cash ISAs and discuss other ways you can manage your child’s money. They also explain why “your children will really thank you if you put your own financial security at risk ahead of theirs.”