We know for many families the holiday season can be expensive but that doesn’t mean saving has to be put on the back burner. There are three tools in particular on Beanstalk that can help make saving manageable and successful at this time of the year.
Share your child’s unique gift link
If you’re struggling with gift ideas for the kids when friends and family ask and would rather not receive unwanted toys then the Gift Links tool is a great alternative.
Your children each have their own unique gift link that you can share with loved ones. From the link they can easily send a financial gift from as little as £10 to top up your child’s Beanstalk account to go towards their future. They can also send a message along with the contribution so you know exactly who has sent it.
Gift Links tool on Beanstalk
Earn money back with KidStart
The KidStart tool lets you earn up to 20% back on your online purchases for your children’s Beanstalk accounts when you shop online at over 2,000 retailers. Friends and family that you’ve invited to save for your children can also take advantage of the KidStart tool too.
Here are five of our favourite offers at the moment:
- John Lewis - up to 5% back
- Sainsbury’s - up to 10% back
- Mamas & Papas - 6% back (usually 3.5%)
- The Body Shop - 20% back (usually up to 9%)
- Harrods - up to 6.5% (usually 3%)
KidStart tool on Beanstalk
Round up your spare change
Round ups are a quick and easy way of saving little and often. Simply by rounding up your everyday purchases to the nearest £, you could be putting away on average £5 a week, which can really add up over the lifetime of your child’s Beanstalk Junior ISA or your adult ISA.
You can link the accounts you spend with using our Open Banking integration on the app and then set it to round up either manually or automatically, depending on how much control you want and this is something that can be changed at any time.
Round Ups tool on Beanstalk
We hope these short introductions to three of our favourite tools inspire you to save for yourself and your children in different ways this December!