As we head into National Savings Month in July, Thembeka Khumalo of Satrix joined The Finance Ghost to talk about an incredibly important element of personal finance: investing for minor children.

Minor children tend to have major expenses, making it difficult for parents to strike a balance between monthly expenses and the need to save.

Thembeka has three-year-old twins and the Ghost also has a three-year-old, so this podcast comes from the heart.

Topics included:

The importance of diligent investing on behalf of your children

Why the power of compounding could be the best gift you ever give your children

The concept of risk and how starting earlier helps in mitigating this issue

The use of tax-free savings accounts as an investment vehicle for minors and the pros and cons thereof

The SatrixNOW platform as a tool for parents to save for their kids (and themselves!)

To find out more about SatrixNOW, visit this link>>>

DisclosureSatrix Investments (Pty) Ltd is an approved FSP in term of the Financial Advisory and Intermediary Services Act (FAIS). The information does not constitute advice as contemplated in FAIS. Use or rely on this information at your own risk. Consult your Financial Adviser before making an investment decision.While every effort has been made to ensure the reasonableness and accuracy of the information contained in this podcast (“the information”), the FSP’s, its shareholders, subsidiaries, clients, agents, officers and employees do not make any representations or warranties regarding the accuracy or suitability of the information and shall not be held responsible and disclaims all liability for any loss, liability and damage whatsoever suffered as a result of or which may be attributable, directly or indirectly, to any use of or reliance upon the information.