I found this digging through old paperwork https://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Augen" aria-label="Emoji: Augen">

Thoughts on saving & investing from an early age.

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My first savings account

My dear old Mom opened it when I was 6. Rest her soul

Opened for £7 in 1989

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It& #39;s an old building society book

You might not remember them

A wee paper book that a woman behind a wooden counter used to put through a magical dot matrix printer

That gave you more money when it came out

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First dividend aged 15 https://abs.twimg.com/emoji/v2/... draggable="false" alt="📈" title="Tabelle mit Aufwärtstrend" aria-label="Emoji: Tabelle mit Aufwärtstrend">https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack">

This money helped me move to Scotland after my degree

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The-other-MM and I both had building society books.

Relatively recently.

With the Dunfermline building society before they went bust in the financial crisis.

We saved our house deposit in it. 40% deposit.

When interest rates were high - 5%

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Account closing balance in 2002: £595

I sold the shares earlier this year. Just before they halved in value (again) during the pandemic.

25 years of holding the same dividend stock

Instead moved the funds into $VHYL for more diversification

So... To the question....

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Does a dear old Mom opening an account for £7 make the world of difference?

Do your children have a child& #39;s savings account?

If not, are you going to open one?

Hope you enjoyed a look back at my Halifax Little Saver account, my lovely tweeps https://abs.twimg.com/emoji/v2/... draggable="false" alt="💕" title="Zwei Herzen" aria-label="Emoji: Zwei Herzen">

/END THREAD