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There are months for parents, when the money runs through your fingers. There is simply nothing else at the end of the month that you could still throw in the piggy bank. It is therefore important whenever possible to save small amounts and possibly create. For your own future, but especially for that of his children.
Because money can never be saved too early. If you only knew whether a call money account, ETF, value fund or the building society contract is the right one to invest in the future of the child.
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With the abundance of offers you quickly feel overwhelmed. So how do you find serious and as productive products without waste money? We once made ourselves smart for you.
Define savings targets
Depending on what parents want to cover, the investment option also varies. Before you meet the bank or representatives, you should define for yourself what saves and how flexibly the money or partial amounts should be available.
Also important:The more you decide yourself that the more financial management you take over yourself, the less the costs for bank consultants, commissions and Co.
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Short -term saving
If you are looking for a 'safe' piggy bank for your child, so want to pay flexible money and pay money, you should stay with the savings account. This has the advantage that the child experiences saving directly. For this purpose there is also a money institute on site of a direct bank (without a branch). However, more interest is often obtained from the direct banks.
A pure savings account offers no way to let the money work for yourself. The focus is really on dealing with money.
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Saving for the training of the child
If you can and would like to invest the money in the long term, you will be well and safely advised for the child with a time deposit account. In the fixed deposit account, the money, as the name suggests, is created for a self -defined time. For this time you cannot deposit money into the account, nor can you pay money. There are higher interest rates for this time.
The more long -term the money is, the higher the earnings.
A so -called savings letter is also a safe, long -term investment. For this purpose, an amount X is also paid once for a fixed time for a fixed interest rate.
Important:If you create money firmly, in the form of a fixed deposit account or savings letter, it is not available for this time. The design is created. There is no back.
Put on inheritance
If you want to leave money to your child or children in general, you can make a good amount from a sum of money created in good time. Provided the money is really well invested. Parents should pay particular attention to running costs here, because they can significantly reduce the yield.
ETF savings plans are currently particularly profitable. As the consumer center writes, stocks are "the most profitable form of investment in the long run. However, they are also associated with high value fluctuations for investors."
Avoid unnecessary costs
No matter what way you put money from the bank or in an insurance company, the consultants and institutes usually earn, often not too scarce. So costs lurk here that 'eat' a lot of the money, which should actually be saved.
Like the consumer centerwrites, are products such as training insurance or pension insurance, building society contracts, gold accounts or investment funds often not the right thing for young consumers and their needs. Here, in particular, the intermediaries deserve a good commission.
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Better savings options
Stiftung Warentest has examined how parents can best save for their children. If you want to get the best out of your investments, according to the testers, you have to act with stocks, for example with the help of oneWelt-ETFs. The risk is low for at least 10 years, but the chances of a good return is high (if not guaranteed).
If you want to invest a total of X and want it to be multiplied, according to Stiftung WarentestFixed depositwell served. The money then grows through a fixed interest set for the term and is safe. The statutory deposit guarantee ensures that the money is not lost even in the event of bankruptcy of the bank.
Parents have to decide both for stocks and fixed deposits whether it is going on their own name or that of the child. If it goes to your own name, as a parents you have full control over it, also via the 'payment date' to the child. However, the capital gains are then also counted towards the tax allowances of the parents.
It is different if the depot or fixed deposits in the name of the child runs. Then the parents 'manage' the money only until the child's age. For this, there are tax advantages, because capital income from children is not included in the parents' savings fee. Children have a suitable saver lump sum of 801 euros in capital yields.
But:If a child has saved more than 15,000 euros, this affects the BAföG, the child should claim this state support for the training.
Use neutral advice
If you are afraid of misinvestments or inadequate advice and want to be on the safe side, you should ideally get advice from a neutral body. TheConsumer centerIs there a possibility, just like thatFederation of the insured, state -approved insurance consultant or fee consultant.
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As a rule, these consultations are not free, but neutral and fair. The consultant is not receiving a commission for a 'sold' plant product, but only for his advisory lesson (s). For this, the costs per hour are between 70 and 130 euros.
