Everything Counts | Ep 5: How to save and invest for your kids' future

Loading player...
Are you a parent who wants to secure your child's education and future? Do you find it challenging to balance your financial well-being with providing for your kids? Well, we've got you covered! In this Savings Month-focused episode of Everything Counts, Motheo Khoaripe hosts parenting expert Nikki Bush and Investec Wealth Management specialist Kate Stannard, to delve into the world of money, savings, and raising financially savvy children.

This episode is ideal for parents who want to strike a balance between providing for their children and securing their own financial future. We provide valuable insights and practical tips for parents who want to teach their children about money and savings.

Key moments:

00:00 Introduction
01:33 The envelope system
04:55 When is the best time to teach your children about money?
05:30 Using the piggy bank system to teach your children about budgeting, saving and investing
07:03 How do you strike the perfect balance between investing in your kids' education and future, and investing to secure your wealth?
09:35 How do you structure your finances to save and invest for both yourself and your kids?
12:05 How do you strike the perfect balance between investing in your kids' education and ensuring your own peace of mind?
14:17 How do you make sure that your saving and investing efforts beat education inflation?
16:53 What products are great for when you are starting your saving and investing journey?
18:08 How to be a good money role model for your kids?
20:05 Are there alternative ways to save for your kids besides the traditional savings options?
20:44 Creative ways to get your kids to start saving and investing
22:05 What tax implications to consider when saving and investing for your kids
24:21 How do you teach kids the consequences of their financial decisions?

Everything Counts is a bi-weekly podcast series that focuses on money and financial wellness. Hosted by 702's Motheo Khoaripe, each episode tackles various aspects of personal finance, including saving, spending, investing, pitfalls to avoid and tricks to succeed. The podcast aims to provide valuable information and expert guidance to help you improve your financial well-being.

You might also be interested in:

Investec My Investments
Whether you're just starting or looking to enhance your wealth, Investec My Investments provides solutions tailored for you. Invest with as little as R1,000 per month and experience the benefit of Investec's global expertise. Chat to your Investec Financial Advisor today.
Investec Bank Limited is a licensed FSP. T& Cs apply.

SmartRate Plus 15-Day Notice Account | Investec
There's a difference between having a dream and working towards a goal. Waiting for luck or making investments in you. There is a difference. Expect more than ordinary when you save in an Investec SmartRate Plus 15-day notice deposit. Earn 9. 06 percent annually effective, 8.7 percent nominal. Save with Investec from R100 000. Go to investec.com/smart.
Investec is an authorised FSP. Terms and conditions apply.
23 Jul 2024 English South Africa Business · Investing

Other recent episodes

NOW Ep 130 | Global economy: mid-year health check

The global economy has held up but that does not mean risk has faded. At the halfway point of 2026, growth has been stronger than feared and inflation has cooled, but not enough. Central banks remain cautious while energy markets are still exposed to Middle East disruption. For South Africa,…
1 Jul 28 min

Macro Monday Ep121: The three factors weighing on commodities

It’s not just the oil price that’s fallen this month. Platinum, gold, iron ore and copper are also down. Chris Holdsworth, Chief Investment Strategist, at Investec Wealth & Investment International says it reflects a softer Chinese economy, US dollar strength and a new Fed chief who’s a hawk on inflation.
29 Jun 8 min

Investec Minds Ep 2: Anglo's Mark Cutifani on the decisions that define a career

In this episode of Investec Minds, former Anglo American and AngloGold Ashanti CEO Mark Cutifani reflects on the leadership decisions that shaped his career and the mining industry. In conversation with Investec's Nkateko Mathonsi and Patrick Mann, he shares insights on navigating crises, transforming organisational culture, driving innovation, improving mine…
26 Jun 31 min

Macro Monday Ep120: New Fed chief commits to price stability

While peace talks between the US and Iran have helped bring down oil prices and, with them, inflation expectations, Chris Holdsworth, Chief Investment Strategist, at Investec Wealth & Investment International says markets are reading Fed chief Kevin Warsh's commitment to price stability as a sign that a US rate hike…
22 Jun 9 min