Start your child's saving habits today

As a parent there are a number of vital things that you plan for when your child is young. Things like, where they'll attend school, what sports you'll encourage them to play and even what musical instrument they'll learn.

"The cost of raising a child has gone up significantly in recent years for Sri Lankans, spurred on by rising costs associated with every facet of our lives, from food, to transport, to tuition fees which means your savings may not be able to keep up with the rise in costs," says Ms. Christina Wesley, a financial planner from NDB Wealth.

Yet there's another big decision that if made when your child is young, can really get them off on the right foot.

Setting up a savings account for your child, and teaching them good financial habits early, are the simplest and easiest ways to ensure that your child is on track for a bright financial future. However, sometimes it can be difficult to know where to begin.

To help you secure your child's future, expert financial planner NDB Wealth offers a real world solution for children's savings, which far exceeds the minimal returns offered by traditional children's savings accounts.