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Q We’ve worked hard and built us a good business. It’s not massive but we’re very proud of it and want to pass it to our children. What’s the best way to do that? ​

“Hey SEFS! We’ve worked hard and built us a good business. It’s not massive but we’re very proud of it and want to pass it to our children. What’s the best way to do that?”   ​Though it can be analysed in various ways, there are two key (and very much intertwined) broad objectives that

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Teaching your children about money

Teaching your children about money will help them pick up good habits for the future.  We have pulled together some helpful steps so you can show your children how to make smart money decisions:

Step 1- Keep it fun

A great way to help children get started is to have three jars with the following labels:

●          Spending – for buying something now.

●          Savings – for a saving goal – such as a toy, book or sports jersey. Explain why it is important to save. Help them work out the cost of the item they are saving for and how long it would take to save for it, based on how much pocket money they get.

●          Future – this is money that is put away and can’t be touched until an agreed time in the future, such as summer holidays. Teaching your child to put a little away for a rainy day is a good way for them to be prepared for what might happen in the future.

Every time your child receives money they can decide how much they would like to put into each jar. Over time your child will begin to understand how to manage money and will be ready for the next step, opening their own savings account.

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Savings Tips

1. Setting a savings target right at the beginning will give you something to aim for and a better
chance of achieving
your goal. But make sure your target is realistic. Not too much, but more importantly not too little.

2. You should try to build up a savings pot of at least three months’ salary, so you’ll have enough money

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New parents


Very few first-time parents are taking out or reviewing their life insurance policies. And that could be a terrible mistake.

First-time parents are taking a big gamble, many not taking out life insurance or reviewing their existing protection in preparation for the birth.

What’s perhaps most alarming is that it’s not simply a matter of cost. In fact, pre-baby spending is up with many admitting they had bought things they don’t need or use.

So why is ignoring life insurance such a potentially costly mistake?

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Money tips don't grow on trees: 6 alternative money tips to teach kids

Find out how to teach your kids about money...

How often have you told your kids that “Money doesn’t grow on trees”?

Your parents told you this every time you asked for extra pocket money, their parents did the same and now you find yourself yelling it at every request for money.

Most parents are worried about whether the next generation will be able to manage their own money. Many think it will be easier for their children to get into debt than it was for them, and some believe their children will be less able to handle money than they are.

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Planning, expecting or raising a child?

You may not have a minute to spare – but finding one to read this will be worth your while…

Becoming a parent will naturally cause you to evaluate your priorities, and protecting your family will undoubtedly be top of this list. There are thousands of new parents in Ireland right now going through the same wonderful life changing experience as you are, with Ireland currently in the midst of a Baby Boom, having one of the highest birth rates in the EU. (CSO 2012)

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Investments & Savings

Savings & Investments How do I plan for a rainy day? It’s easy; if you start saving now you can build up a cash fund. We now more than ever before that we need to take responsibility for our own futures. Practical questions, such as: What will School/Collage Education costs be? Will I be able

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Life Insurance

Do I Need Life Cover? Simply put – If someone would suffer financially on your death then you need life cover. Please see below the different categories of people who need life cover.   1. Parents 2. Couples with no children 3. Self Employed 4. Retired 5. Single with no dependents  A) Parents As you

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