Saving for kids – easy as ABC

Kids are expensive from the start, and the bad news is that they don't get any cheaper. Still, there are ways to make your money work for you (and your children), here's how...

Putting money aside for them, even if it is only a few pounds a month, will help cushion the costs of their teenage years. Alternatively, it could go some way to seeing them through university, or go towards the deposit for a flat or a first car.

But choosing where to put this cash is not that easy. There are a myriad of different savings accounts and investments designed to tempt you – and the children. But just to help you, we have compiled a handy guide to what is on offer.

• For advice on everything from baby bonds to children's tax credits, visit our Money section on babyworld
• Planning for school fees? Check here first
• Go to icircle Money for indepth specialist information on savings accounts, national savings, bonds, premium bonds and unit trusts
• Check Freeserve's guide to investing for children