I don’t know about you, but whilst I use the weekends to catch up on a bit of work....the majority of the weekend is family time. This weekend involved a trip to the swimming pool and an interesting comment from my daughter Charlotte whilst we were getting changed after our swim.
I’d asked Charlotte to get the clothes out of the locker....and she was shocked to find she didn’t get the 20p we’d deposited into the locker back!! However, after giving it some thought, she turned round to me and said....”Don’t worry Daddy.....what can you buy with 20p anyway!!”
My initial thought was “how times have changed!!” I remember at Charlotte’s age going into my Local corner shop and being able to get a bag of sweets for 20p, buying some sweets at half a penny too!
Interestingly, According to a recent study by Santander, the cost of sweets has gone up by 24% between June 2008 and June 2011. Now dependent on your opinion, this could be perceived as a positive move, encouraging moving children away from sugary foods. However, the cost of all goods and services increase....this is called inflation and why you should always ensure that you take this into account when saving for a specific goal...consider this, If a basket of shopping would have cost £100 in 1986, the same basket would cost £228.53 today. (source – Bank of England inflation calculator).
Due to this increase in prices of the goods you want to buy in the future, and therefore it’s worth considering if your money is keeping its value...so when you want to spend it, you’ve got enough money for something a bit more luxurious than a bag of sweets or a locker in the swimming pool!
