Confused about Investments?

I am new to investments as we
never seem to have much spare cash to put anywhere other than the absolute
essentials, food, utilities, the mortgage any little left over seems to be
quickly spent by the kids. They have
lots of after school activities, themed dinners and as is the way with lots of
children they enjoy badgering their mummy for THINGS (toys, sweets and
magazines)!!! I am hoping though as
hubbie and I get older that will start to change, as the mortgage slowly gets paid,
we might free up more disposable income finally.

My parents are very sensible, never spending more than
they earn, building up a little nest egg (which helped my brother and I with
our respective houses). I want to
follow in their footsteps so I can help my own children when the time comes,
whether its extra money for a wedding, the deposit on their first home or to
set up a savings account for any potential grandchildren. But if we keep living hand to mouth I will
never have anything to leave them (aside from a big house in need of serious

I was having a look on Nutmeg, which seems a very flexible and
intelligent online investments platform. 
I like that you can update your preferences depending on how risk
adverse you are (not very!) and what your goal is (mine will be something to do
with the children no doubt!). It’s very
important I look after my boys in the way my parents always have for me. You then add your investing timeframe, for
us it would probably be 10 or so years, just in case they need a little help
funding their education. At one point
eldest said he wanted to be a doctor, although this does vary daily, at one
time he said a singing builder… but it is important to be ready for any

I like how it plots a graph of
your projection depending on your contributions and risk level (I would settle
with “avoiding loss is the priority”!), but if you are feeling brave and adventurous
(“I’ll risk large losses for higher gains”) then there is the potential to earn
a considerable amount (enough to secure their education and a few cruise
holidays I think!). The graph tells you
if you are off track for what you originally wanted to achieve and how to get
back on track (it cleverly says the revised contribution level to do this!).

It’s definitely given me some good ideas if I ever
manage to get on top of my finances!

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