Investing for children: Five ways for children to save
Lana Iliev, 04.09.2019
Children are expensive: According to the Federal Statistical Office, a child up to the age of 18 costs an average of € 130,000. This is followed by studies or training and requires financial support until the youngsters stand on their own two feet. All the better when parents, grandparents or godparents have saved something that can be used to achieve the children’s goals.
But finding a sensible investment for children in times of low interest rates is more difficult than ever. The classic savings book just doesn’t make any sense at the moment. Read here which alternatives are available and which investments are worthwhile for children.