Like any parent, you naturally want to ensure a bright future for your child. This includes some major expenses. For example, consider a driver’s license or study. Many parents therefore start saving early. But why is it wise to start saving for your children? How can you do this? We will tell you about all our savings tips and how the iBilly app can help.
Saving for your children
When your baby has just been born it still seems so far away, but there will come a time when you will need money for a study or driver’s license. When the time comes, it can be difficult to get a large amount of money together quickly. That is why it is wise to start saving right away. Then a contribution for education, first house, driver’s license or car is no problem at all when the time comes. Many parents save by opening a separate account. Research has shown that parents deposit an average of 44 euros per child per month. When your children turn 18, you have saved a nice amount that way. You can choose to put the savings account on your child’s name. In that case, all the savings will be available to your children when they turn 18. If you prefer to manage the money yourself, you can save on your own name. Then you can use the savings to pay for the study or drivers license when necessary. All in all, saving for your children is very important to provide them with a bright future.
Saving with iBilly
With the handy iBilly app you can easily set up and keep an eye on savings goals. It’s also completely free. When you want to start saving for your children, you first have to determine what amount you want to have saved together. Then think about in how much time the amount must be complete. Then divide the total amount by the number of months in which you want to have it saved together. You now have the amount that you have to set aside each month in the savings account for your child. With the iBilly app you can check your savings goal at any time. That makes saving for your children easy!
Download the free app
The free iBilly app has many more useful features than tracking savings goals. You can automatically synchronize your bank transactions to get an up-to-date overview of all your income and expenses. Add budgets to never spend more money than you want. The smart app also automatically calculates future expectations so that you will never be faced with surprises again. You can also add all your customer cards, so you can benefit from a discount in every store. The handy iBilly app is also completely safe. Your data is stored encrypted and is only shared with people of your choice, such as your partner. Take back control of your finances with iBilly.
Do you want to start saving for your children with the iBilly app? Download the app to get started right away. If you have any questions, you can contact our customer service.