Investing for children

We’ve a few Mums and Dads in the RaboDirect Team and they all agree, investing even a small amount for your children when they’re young could be one of the most important things you do for them.

Why start early?

The rising costs of childcare and education is enough to merit some smart financial planning. Typical crèche fees can range between €800 and €1,200 per child¹ and school and university fees can easily soar into tens of thousands of Euros per child.

Then there’s the:

1. €20,000 cost of the average wedding² (if you insist on footing the bill)
2. helping a child buy with their first car, or
3. giving them a hand with a deposit for their own home

The list goes on and on so it’s easy to understand why parents are struggling to keep up with the growing trend of supporting their children financially for longer.

You can see where this is going folks, getting a head start makes sense if you want to build up a pot of cash to help them out (or soften the blow down the line, however you look at it).

Can I afford to invest for my kids?

Absolutely. The notion that you have to be minted to invest is simply not true. Just like a savings account, you can invest larger one-off sums or small, regular amounts when you can afford it. We offer both options so you can manage your account however you like.

Still thinking about it?

That’s okay, take your time. It’s important to ask yourself some questions about investing before you get started. Why not have a look at some of our tools and calculators. They can help you get a better understanding of what type of investor you are, and the funds most suited to your risk appetite.