Home » Helpfulness

Saving for children: there are these possibilities

Saving for children: there are these possibilities

Saving for children, grandchildren or godchildren

Saving for your loved ones is important

Children cost money, whether day care center, school, stay abroad, education or study. For your adolescents, parents often have to dig deep into their pockets, especially from the age of 18, etc. for a driver’s license, a “break” or a course of study including your first own apartment. Therefore, it makes sense as parents, grandparents or godparents to build up reserves for the offspring at an early stage, ideally immediately after birth. Your children, grandchildren or godchildren will thank you. In the following we present some savings and investment opportunities.

fund- & ETFs savings plan: So saving is fun

There are various ways of building up reserves and making provisions. In the current phase with low interest rates, classic savings books are almost exclusively characterized by security due to the low interest rate. Therefore, they are currently only of limited suitability for meaningful wealth accumulation. Alternatively, offer yourself Securities savings plans on. These are currently very trendy and are particularly suitable for children and babies with a long savings phase (approx. 18 years). Over this long term, you have the opportunity to use any price declines via the cost average effect and thus generate a decent additional return. More information on the securities savings plan with fund & ETFs such as current savings plan offers do you think …? Find here. A combination of security plans and classic savings is the most suitable for most parents, godparents and grandparents.

Savings accounts for children of all ages

Would you like to save money safely, flexibly and without exchange rate risk? Or slowly prepare the youngest to handle money responsibly? Are suitable for this purpose savings accounts, specially designed for babies, children and teenagers. In addition to the attractive interest rates, the accounts usually offer a starting credit and age-appropriate additional offers. The savings accounts are safe because the deposits are protected by the deposit guarantee fund.

Savings accounts for babies

You can set up a savings account for the little ones. Suitable for newborns and children in the first years of life Savings account for babies. Practical, because in this way relatives, friends and godparents can share in happiness and save money by standing orders. Another advantage is that savings accounts for babies have a higher rate of return than ordinary savings accounts. They are also very easy to set up: As parents, simply go to your nearest branch with a valid photo ID and bring your child’s birth or parentage certificate with you.

Savings accounts for school children

School starts a new and exciting time for you and your child. In addition to the "learning" adventure, dealing with money is playing an increasingly important role, as children increasingly express their own financial needs after they start school. For this stage of life is a Savings account for children, that are tailored to primary school age with appropriate additional offers. Even now children are happy when the grandpa or godmother saves every month. Of course, children are not allowed to open the accounts themselves, but parents can set them up just as easily as savings accounts for the little ones. There is also an attractive starting balance here. After all, the interest – up to a certain maximum amount – is usually so high that it does not need to shy away from comparison with overnight money or short-term fixed-term deposit offers.

Related Posts

children saving there these
Like this post? Please share to your friends:
Christina Cherry
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: