do you save for your children? if you are not well off? do you put something by for them?

[SlartyBartFast]

i have been putting my £9 a month for a long time for each of them, building up very slowly and increased it today.. but should i?
things are tight.
wwyd

Having a similar dilemma here...DH's salary covers rent, petrol, insurance, utilities, council tax etc and he has about £150 a month left after all that for savings/entertainment/treats etc.

I am a sahm so my only income is the chb and ctc and I pay tv licence, my contact lenses and all groceries out of that. I also pay £25/month into each of their trust funds and £10 a month into their savings accounts. I'm not sure we can afford that at the moment but then I also feel like I should cut down on our groceries spending before I cancel saving for their future.

can i ask- what happens if you never set up your trust fund for your dc. I pretty much ignored the literature that cam through about it all, and now wonder what becme of it....DD has just turned two and I'd like to try and save something for her.

The government set it up on behalf of your child in a fund of their choice - I think they spread the unclaimed policies around several investors for the sake of fairness so you could end up with anybody.

I am surprised you haven't heard anything although they give you quite a long time to sort it out yourself - 18mths to 2 yrs I think.

I know this as I left DS2's until the very last minute to do something about it and they warned me this is what they would do. However, it was 3 yrs ago so the rules may have changed.

No. Can't afford to put a bean away for anything, tbh.

£10 a month for each of them. We are comfortable. Not well off. Don't holiday every year and don't have spare cash at the end of the month. But I want to have something to put towards university (if that's their choice). It will probably amount to a couple of grand each.

how would i go about finding out where it is? I've since moved houese as well

That is a good question because I have no idea.

Presumably you have let the child benefit people know your new address so I would expect they would catch up with you that way.

I would try having a look the website - bound to be a contact no.