Gift an article

Financial tips for families this festive season

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
loading...
Loading, please wait...
0:00
play article
Subscribers can listen to this article
Photo: Getty Images
Photo: Getty Images

BUSINESS

THE GIFT THAT KEEPS ON GIVING

1. If you want to give your children or grandchildren a gift that truly keeps on giving, consider setting up a tax-free savings plan with unit trusts for them, so that they can start building a nest egg from a young age. This will unlock the power of compound interest over time and the lesson that this provides is invaluable. Not only will it help children build up meaningful savings over time, it’s also a great way to start the conversation about how money works, especially if you can talk to your children about how compound interest works.

Read this for free
Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Try FREE for 14 days
Already a subscriber? Sign in
Latest issue
Latest issue
All the news from City Press in PDF form.
Read now
Voting Booth
Damaged traffic lights and load shedding have led to a mushrooming of informal traffic controllers – mostly homeless people or beggars – in Joburg's major intersections. What are your thoughts?
Please select an option Oops! Something went wrong, please try again later.
Results
We need them
7% - 2 votes
Deploy professionals
54% - 15 votes
They pose more disorder
25% - 7 votes
They must be paid
14% - 4 votes
Vote