Small lifestyle changes lit a fire under savings plan
Catherine Neill felt very honoured when asked to be Godmother to her cousin’s daughter, Neave, and decided that starting a 10X unit trust investment in her name would be the ideal christening gift.
Catherine says she felt a big responsibility when she accepted the role and strives to be a good God-parent. “I will do my best to support her as she grows up, and encourage her to live healthily and well, as well as to have fun.”
She takes the role seriously and also hopes that “when Neave grows up, she’ll think I’m the coolest thing since sliced bread”.
Catherine said she spent a lot of time thinking about what she could give Neave as a gift for her christening. “I wanted to give her something she would keep for life and remember as coming from her Godmother Cath.”
She explored the idea of a Pandora bracelet, thinking she could buy a charm for Neave to add to the bracelet each year. She also thought about the more traditional silver bracelet with her name engraved on it, or a white dress for her christening, but eventually decided that a unit trust was the best choice.
Catherine opened the account in Neave’s name, and took an envelope with her welcome letter from [10X CEO] Steven Nathan to the christening.
She also sent an email to the entire family about the unit trust with instructions on how to make a contribution should they want to. “No more will aunties and uncles struggle with gift decisions on Neave’s birthdays to come.”
“I’m hoping that with my annual contributions, along with family top-ups, by the time she turns 18 she will be able to buy something she really wants, maybe even a down payment on a car,” says Catherine. “Or perhaps she will see how it has grown and will be motivated to leave it invested for longer.”
