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Will you be Able to Give Your Child a Fairytale Wedding

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Depending on where you live in the UK, the average cost of the wedding is now between £15,000 and £25,000 which means a good old family knees up to celebrate the new couple is becoming increasingly too expensive for most young people, especially as it comes at a time when they are also trying to save for a new home and are probably just setting out on their new careers, trying to make a name for them in their chosen fields.
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kidsDepending on where you live in the UK, the average cost of the wedding is now between
£15,000 and £25,000 which means a good old family knees up to celebrate the new couple is becoming increasingly too expensive for most young people, especially as it comes at a time when they are also trying to save for a new home and are probably just setting out on their
new careers, trying to make a name for them in their chosen fields.

Though traditionally the responsibility of the father of the bride, the hefty price tag placed on most weddings these days means that both the bride and bridegroom's parents are now expected to make a significant financial contribution and unless you start preparing early, most parents just do not have the capacity to give their children the day they always dreamed. This is why the new Government led Children's ISA scheme can be so helpful when preparing for all those necessary expenses that occur as your children reach adulthood.

kidsLike so many other significant expenditures in a young adults life, a wedding is one of those times when the help of parents can mean the difference between a day to remember and a bill you would rather forget. But by saving a regular amount every month of your child's life or including lump sums into this tax free savings account specifically designed for children, every parent, grand parent or family friend can ensure that when the big day comes, whether the cost is for a wedding, further education or getting their first foot on the property ladder, you are there to help with the important things in life without having to worry about how you will be able to afford to keep your own house running at the same time.

By investing the maximum £3,600 per month in a 5% growth ISA, you would be able to provide your child with a lump sum of more than £100,000 perfect for the wedding, the honeymoon and anything else they want to do. And if 18 still seems a bit young for the big day, then the funds can be spent in any way that the child sees fit or can easily be transferred into a standard ISA or other investment vehicle so that they are there when they are needed.


Wouldn't it be great to know that when your child returns from their honeymoon the only thing that is going to be waiting for them on the mat are letters of congratulations rather than balances from the bills that are still outstanding.

Giving your child the best start in life is the most important thing any parent can do and simply by starting saving as early as possible, you can ensure that what ever expenses creep up for
your loved ones, you will have made the necessary arrangements to ensure they can move forward with surety and confidence, knowing the funds are in place to make their progression into adult life a much easier and smoother ride.
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