BUMP UP THE SAVINGS
As the cost of living rises and raising a family gets more expensive, thinking about a financial plan for the future can help your kids get a financial head start. To mark its 200th year in business, Westpac is giving away $200 in a savings account for all babies born this year, as part of their new ‘Bump’ initiative. Recent findings from the Westpac Financial Future Report found that only 71 per cent of Aussie children under five have a savings account, yet 86 per cent of parents and grandparents agree that opening a savings account early on helps little ones be more financially successful. It’s never been a better time to start!