A babies first Christmas can be very exciting but usually more for the parents than the child who will not really understand anything that is going on. You may struggle to know what to get your baby for Christmas or what to ask others to get if they ask you for ideas. Often parents decide to get their baby something practical such as a new Cot, new pushchair or car seat along with a few smaller toys but what if you already have all the equipment you need?
You could either buy things that they will need or use over the next twelve months such as a building blocks, walkers etc or you could open a savings account for them. You could start them off by giving them the money you would have spent on toys and present and then ask if any family who wish to buy them a present donate to it instead. This is a great way to start saving for your child and once the account is set up the chances are you will be more likely to start putting money into it as they get older. Over time, if you build on this account it may mean that when they are old enough to buy their own car or want to purchase a new tablet or phone etc, there is a good chunk of money in there to help them on their way.