When you’re a busy parent, it can be difficult to think about investment. After all, how are you going to afford to do it, and how will you find the time to keep on top of it consistently? However, investment doesn’t have to be a terrifying and difficult prospect; it could be something as simple as investing in the future of your family with something like a savings account. We’ve put together some of the best ideas for using your money wisely here, if you’re a busy parent who wants to get something back for their money, without all of the stress.

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Start up savings accounts

The easiest way to invest some money into your future, and the future of your children, is to open up savings accounts. You can put one in your own name, of course, but have you ever thought about saving up a few pounds a week so that your children can get the benefit of it when they’re 18? If you saved £2 a week for them from the time they were born up until their 18th birthday, they’d have almost £1,900. That’s a lot of money, without a lot of stress. The same applies to your own savings account, as even a small amount will pile up over a long period of time, and it could help you out on a rainy day, should it come along. Look into this if you’re looking to save!

Invest in cryptocurrencies

Whilst cryptocurrencies have only recently become a popular way of investment, there are many benefits to having a few of these under your belt. Not only did those with Bitcoin get a whole lot of money when it all blew up recently, but this type of currency is increasingly prevalent, and could see you getting a profit no matter which type you choose. On top of this, it isn’t controlled by banks or governments, so your money is unlikely to be affected by any financial crashes or changes in the economics of the ‘real world’. Whilst you may need to do some research into this before you splash out, learning about cryptocurrencies could help you to invest some cash into the future of finance, and you’ll get a big payback if your investment pays off (although this isn’t always guaranteed).

Invest in property

Whilst you may not have much extra cash lying around, particularly during those financially draining periods, saving up some cash to invest in property will really help you to see a return for your money. Even if you can buy a small flat or apartment (by remortgaging your own home, for example) you’ll be getting monthly rent payments which will help you to keep your family afloat financially, and will pay off any bills on your home if needs be. This is a reliable way to get money back from your investment, and you can always sell the property on if you no longer want to maintain it.

So, there are many ways to invest your money, try these 3 tips if you’re interested!