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I found this digging through old paperwork 
Thoughts on saving & investing from an early age.
THREAD
Thoughts on saving & investing from an early age.
THREAD
My first savings account
My dear old Mom opened it when I was 6. Rest her soul
Opened for £7 in 1989
My dear old Mom opened it when I was 6. Rest her soul
Opened for £7 in 1989
It'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
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
First dividend aged 15 
This money helped me move to Scotland after my degree
This money helped me move to Scotland after my degree
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%
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%
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....
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....
Does a dear old Mom opening an account for £7 make the world of difference?
Do your children have a child'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
/END THREAD
Do your children have a child'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
/END THREAD
