Family budgets are often stretched. You start with your baby's pram and car seat and end with their driving lessons, and along the way there are school trips, furniture, laptops and family holidays, as well as wearing out a few washing machines. Joining your Credit Union and putting aside your Child Benefit is a great way to budget and be able to relax and plan. When times are tough, it's great to have a rainy day fund to fall back on.
If your finances are more comfortable, why not put all or part of your Child Benefit into Young Saver Accounts for your children? It's a flexible way to save for their future and help them understand the value of money.