In case you haven’t realised, kids can be expensive. In fact, a recent survey indicates that it costs a whopping £231,843 to raise a child from birth to 21-years old. That’s mental. Just think of what I could buy with that kind of dosh if I remained child-free. A second home. A Porsche 911 Turbo S. Two racehorses. A trip to space with Virgin Galactic. You get the gist, however kids are priceless bla bla bla…
I’ve therefore teamed up with Orbis Access to give one lucky person the chance to win a Junior ISA (JISA) with £200 seed money. You can enter the giveaway via Gleam below, however to give you a quick overview, a Junior ISA can help you and your kid(s) save money for the future – whether that’s University, a first car, a house deposit etc. The money in this savings account is tax-free and cannot be accessed until your kid is 18-years old, so it’s great for saving for the future.
I’ve always been cautious with money. Some would call it “tight”, but I much prefer “careful”. From an early age, I had a saver mentality which has continued through life. Much like the lesson I learnt from my dad, I feel strongly about teaching Toddler L the value of money, the importance of saving and to be smart with how it’s used.
As soon as she was born, it made sense to set Toddler L up with a few different bank accounts. She has a regular saver where we deposit £100 each month, a current account for random deposits from family members, e.g. birthdays, and a Junior ISA where we periodically transfer cash that builds up in the current account. She may only be two-years old, but she’s already got a nice little nest egg.
Considering that things like Uni fees, house prices and the cost of living continue to rise – as well as the uncertainty surrounding Brexit – it feels like saving now will help to set her up for the future. Sure, it’s important to be aware that any investment can go down as well as up, but I’m happy that doing a little bit now should have a much larger impact when she’s an adult. As a parent, it’s my job to do everything I can to give Toddler L a good life. I see setting her up financially – both in terms of actual cash and acumen – as being key to this.
So, do you want to win £200 in a Junior ISA for your kid? Sure you do! What’s more, Orbis Access have a Christmas top-up offer at the moment, meaning that they will match your first investment up to a value of £100 if you open a Junior ISA before the end of December. If you win this giveaway and deposit £100, that’d mean your kid would have £400 in their account. That’s a pretty nice nest egg.
To enter, login to Gleam below and follow the entry instructions. Good luck and happy comping!
Terms and Conditions
- There is one prize of an investment to the value of £200 made into a Junior ISA Account opened with Orbis Access (UK) Limited. The prize is non-exchangeable, non-transferable and no cash alternative is offered and as a result and accordingly an account must be opened in the name of a child who is eligible for an Orbis Access Junior ISA Account in order to receive the prize.
- The prize draw is open to all UK residents aged 18 years or over, except employees of the Promoters, their families, agents or any third party directly associated with administration of the prize draw.
- The prize draw is free to enter and no purchase is necessary.
- The opening date for entries is 8 December 2016 and the closing date is the 31st December 2016. Entries received after this time will not be considered.
- To enter the prize draw an entrant must follow the instructions provided by Gleam.
- Anyone using multiple Twitter accounts to enter will be ineligible.
- This prize draw is in no way sponsored, endorsed or administered by, or associated with, Facebook.
- The winner will be chosen at random from all valid entries by Gleam.
- The winner will be informed within 14 days of the closing date and will need to respond with their email address within 14 days or a new winner will be chosen.
- The winner’s name will be available on request.
- The Promoters reserve the right to replace the prize with an alternative prize of equal or higher value if circumstances beyond the Promoter’s control make it necessary to do so.
- The decision of the Promoters regarding any aspect of the prize draw is final and binding and no correspondence will be entered into about it.
- Participants are deemed to have accepted and agreed to be bound by these terms and conditions upon entry.
- The Promoters reserve the right to refuse entry, or refuse to award the prize to anyone in breach of these terms and conditions.
- The Promoters reserve the right to hold void, cancel, suspend, or amend the promotion where it becomes necessary to do so.
- Winners may be required to participate in publicity related to the prize draw which may include the publication of their name and photograph in any media.
- Personal data supplied during the course of this promotion may be passed on to third party suppliers only insofar as required for fulfilment/delivery/arrangement of the prize.
- The prize draw will be governed by English law and entrants to the prize draw submit to the jurisdiction of the English courts.
- The Promoters are Hillcrest PR Limited of 58 Croydon Road, Caterham, Surrey CR3 6QB (Registered in England, company number 8044861) and Orbis Access (UK) Limited of 28 Dorset Square, London NW1 6QG (Registered in England, company number 8138002). This is a joint promotion.
N.B. This is a collaborative post written with Orbis Access.