Toddle About Blog

Working For Yourself: Lessons and Insights

Lynne NewboldLynne Newbould runs the Little Kickers franchise for Northampton and Rugby with her husband Antony. They were recently ranked as the No. 7 Little Kickers franchise in the world and 4th in the UK, with over 450 children attending their classes every week. Lynne gives us an insight into her journey as a self-employed mother of two.

1) Why did you decide to work for yourself?

When our daughter was 2 years old, we had the usual juggle of work and childcare.  Antony was working away/overnight often, and we wanted to find work that would be flexible and fit around children. Working for myself seemed to tick all the boxes.

2) How did you choose what to do?

As a parent I used to take our daughter to various classes and activities.  At our music class one day, I realised she was the only child running around the outside of the hall, whilst everyone else was engaged in the activity. It prompted me to try and find an active class, one where she could run and use up all that excess energy.  Both myself and Antony have a sports and business management background and are huge football fans, so Little Kickers seemed a great option for all. Continue reading

Working For Yourself: The Options

Working for yourself

There are many pros and cons about working for yourself

If you want a job with the flexibility to work around your family, you will probably have considered working for yourself. There are three main models for being self-employed – here we explore the different models and the pros and cons of each.

# Option A – The Entrepreneur

You have a passion, an idea or a special talent. You spot a problem that you can solve and a gap in the market – and you decide to create a business to bring your dream to life.

For most people, starting a new business is the first way they consider becoming self-employed. It is probably the most exciting and rewarding option available. It also carries the greatest risk.

If you haven’t run a business before, you will be venturing into the unknown. It will require a significant investment of time and probably money, and you will have a lot to learn – often by trial and error. At the beginning you will be the visionary, the manager, the worker, the bookkeeper and the cleaner. There’s a lot to do, and if the business fails, it can be crushing. Continue reading

Important Reading For Any Parent Responsible For A Child Trust Fund

Guest post by Jason Hollands, MD of Tilney Bestinvest

New Rules for Child Trust Funds could cut investment costs for almost 5 million children – but only if you know what to do!

Child Trust Funds

From April 2015, Child Trust Funds can be transferred to much more competitive Junior ISAs – but most parents are unaware.

Up to five million children born between 1 September 2002 and 3 January 2011 could potentially benefit from new flexibility to transfer Child Trust Funds (CTFs) into Junior ISAs being introduced from the 6 April.

However, most parents and guardians are likely to be oblivious to this due a to a policy fudge.

Instead of implementing a policy that would merge CTFs into Junior ISAs, from 6th April the government will allow parents to voluntarily transfer CTFs into Junior ISAs. This will require parents ‘in the know’ to request the necessary paperwork. As a result, lack of awareness and inertia could see millions of children endure lower returns as a result.

 

A Bit of Background

Initially launched with great fanfare by Gordon Brown during his tenure as Chancellor and accompanied by the distribution of £250 vouchers from the State to all new born children, the Coalition put an end new CTF accounts being opened – replacing it instead with an entirely voluntary scheme, the Junior ISA. Continue reading

5 Ways to Raise Financially Savvy Children

By Fay Arrundale from Look After Your Pennies

Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Is your child a Saver or a Craver? Understanding their personality type will help you to teach them to be financially savvy.

Research by The Money Advice Service found that our financial habits are set by the time we reach the age of 7 years old, and children learn most from observing their parents. Scary thought?

So what as parents can we do to help our children learn good financial habits from a young age. Here’s my top 5 ways parents can support their children to become financially independent adults.

1) Involve them in everyday money matters

Children will only learn the value of things if they are exposed to a wide variety of what we buy, from a trip to the supermarket to buying birthday presents, help them make choices on what to buy.

With the increase of using payment cards and online shopping, our children have never been further away from real cash – they think holes in walls give us money with no idea of how it got there or that it isn’t (unfortunately) available in unlimited supply. Continue reading

Ideas to teach your child about saving and planning for the future

Look after the pennies and the pounds look after themselves. Image credit: Tristan Martin: www.flickr.com/photos/mukumbura/

Look after the pennies and the pounds look after themselves.
Image credit: Tristan Martin: www.flickr.com/photos/mukumbura/

I know they say money can’t buy happiness, and I buy that (pun intended), but there’s no avoiding the fact that money is important. A lack of money can cause all sorts of issues, and many of our stresses as adults can be traced back to our finances. I believe strongly that if we can help our children develop a good understanding of money – how to attract it, enjoy it, hold on to it, grow it – and share it – then we will be giving them a much better shot at a happy adult life.

So I find it frustrating that our education system, for all its merits, seems to place virtually no importance on teaching our children about money. I know it completely failed me in this regard at any rate. And that’s why I’m publishing this blog post. Submitted to us by F&C Investments, it gives some really solid tips on introducing your child to money and the basic concepts of saving – I hope you find it useful! Continue reading