With the handy Child Savings tool, you can set your own target amount and calculate how much you need to save each month to reach it by the time your child turns 18.
"}},{"componentType":"feature","featureName":"ing-feat-youth-savings-widget"},{"componentType":"paragraph","richBody":{"value":"The tool uses the current variable interest rate of the first interest tier of the Child Savings account. This gives you an estimate of the monthly amount you need to save.
"}},{"componentType":"sectionTitle","title":"It starts with the very first euro"},{"componentType":"paragraph","richBody":{"value":"The day your child gets their driving licence or moves out on their own may still seem a long way off. Even so, it can be a good idea to start putting money aside now to help your child get off to a good start later on.
What does a degree or a driving licence actually cost? How much can and do you want to set aside for this? And what will your money still be worth by then? We can’t predict the future, but we can give you an idea of what to take into account.
"}},{"componentType":"sectionTitle","title":"What kind of costs should you expect?"},{"componentType":"accordion","accordionList":[{"title":"Study","richBody":{"value":"NIBUD uses a guideline amount of around €1,000 per month during a course of study. This also depends on whether students live at home or independently, and whether they are studying at vocational (MBO), applied sciences (HBO) or university (WO) level.
"}},{"title":"Driving licence","richBody":{"value":"According to the CBR, the average cost of obtaining a driving licence is more than €3,000.
"}},{"title":"First home","richBody":{"value":"To buy a home, you need your own funds, as you are not allowed to borrow more than the value of the property. All other costs must be paid upfront. See here for an overview of all costs.
"}},{"title":"Graduation trip or gap year","richBody":{"value":"A well‑deserved holiday after exams? Learning a language abroad during a gap year? Working as an au pair? In all of these cases, you can help support your child financially. How much will you need for this? That’s difficult to say, but it’s always a good idea to set some money aside for it.
"}}]},{"componentType":"sectionTitle","title":"Is everything getting more expensive? Or is money losing its value?"},{"componentType":"paragraph","richBody":{"value":"Well, it’s actually the same thing. That’s because of inflation. Would you like to know what this means for the target amount you’ve set in the Child Savings tool? Calculate it in a minute.
"}},{"componentType":"sectionTitle","title":"Start saving today?"},{"componentType":"paragraph","richBody":{"value":"With the Child Savings account, you can start saving in your child’s name from birth. By starting early, your savings have more time to grow. So start today with that very first euro, set up automatic savings and turn that first euro into something big.
Opening a Child Savings account is easy via the ING app or Mijn ING. It only takes a few minutes. Just make sure you have your child’s BSN (citizen service number) to hand.
"}},{"componentType":"cta","textLink":{"url":"/en/personal/children/products/childrens-savings-account","text":"More about the Child Savings account"}}]},"complementaryZone":{"flexComponents":[{"componentType":"cards","cards":[{"componentType":"productCard","cardType":"product","cardSize":"medium","title":"Child current account (0-11 years)","intro":"Let your child discover money","image":{"transformBaseUrl":"https://assets.ing.com/transform/e6bcf2b4-eb1c-4fbf-a7b9-75d6d78d722d/Portrait-of-cute-girl-with-sunglasses","type":"image","width":4896,"original":"https://assets.ing.com/m/20c4dcd50735c015/original/Portrait-of-cute-girl-with-sunglasses.jpg","extension":"jpg"},"link":{"url":"/en/personal/children/products/child-account"},"checkMarkList":["Free current account for your child","Give them more responsibility one step at a time","Parents can keep track in their own app"],"promoText":"Now with €10 as a gift. Promotion Terms and Conditions apply."},{"componentType":"productCard","cardType":"product","cardSize":"medium","title":"Saving for your grandchild","intro":"What are your options?","body":"If you'd like to save for your grandchild's future, a parent or guardian can open a designated Child savings account at ING. Another option is simply putting money aside for them in your own savings account. Learn what's the best option for you.","image":{"transformBaseUrl":"https://assets.ing.com/transform/5162b557-9ecb-4e11-8f7b-ecdba4806b9c/Grandfather-makes-pretend-moustache-on-his-granddaughter-with-her-long-hair","type":"image","width":5616,"original":"https://assets.ing.com/m/550f099b111c5f68/original/Grandfather-makes-pretend-moustache-on-his-granddaughter-with-her-long-hair.jpg","extension":"jpg"},"link":{"url":"/particulier/kind/thema/voor-de-dromen-van-je-kleinkind"}}]}]}}}