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Learn about Junior ISAs and how to save for your baby with Beanstalk

The world of child savings can be overwhelming and confusing at times. We know the desire of wanting to save for your little one, but where to start?

Our friends at Beanstalk, are here to help! They’ve recently launched a new app-based Junior ISA and have written a JISA Guide* to help educate families on how Junior ISAs work, the different types, how families can contribute and much more.

They have been in the industry for a long time, for over 10 years they have been helping parents save with their shopping club KidStart. Now they want to help parents make better and smarter decisions when it comes to saving for their kids.

From talking to parents with KidStart they could see that the savings market for children was broken. It was often confusing, poor value and tied parents into making contributions.

This is why Beanstalk was created. It’s designed to fit your lifestyle and make saving and investing easy and accessible for families of all shapes and sizes. They understand how circumstances change so don’t tie you into making regular payments, you can top up the account when it suits you.

Plus, they have some great tools to help you save little and often - round up your purchases and save on your online shopping with KidStart. Grandparents and other family members can be invited to contribute too.

The guide is free to download and you can opt-in to find out information about Beanstalk if you’re interested.

How do you plan to save for your little one's future? We’d love to hear your ideas – just post your comments on our blog here or our Facebook Page.

And don’t forget to sign up for FREE on www.mumandbabyonline.co.uk and be the first to receive latest support tips, news and offers from our partners! Already a member? Then please share with your friends. Being pregnant and having a young family is amazing, let us be part of your journey.

Note: Unlike money held in a bank account, stock market and other investments can go up and down in value so you could end up with less than was contributed. Such investments should therefore be viewed as for the longer term.

*The introduction is designed to help you understand the basics of what Junior ISAs are and how they work but is not personal advice on what you should do in your specific circumstances, so keep that in mind.

Note: whilst we welcome feedback on this blog, we will not tolerate any abuse or misuse. Please respect the views and feelings of others. The content and advice offered is based on general recommendations and health-care professional suggestions and is designed to be used as a guide and discussion piece. It is not a substitute for examination, diagnosis or treatment by a qualified health-care / medical professional. If in doubt, always consult your doctor or health-care professional.

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