Time is your best friend. Consider starting to save for your child shortly after birth. The earlier you start, the longer your money has time to grow.
Saving for your child: explore the options.
If you save €50 every month, your savings will grow faster than if you save €10 a month. But not everyone can afford to set aside €50. Just remember: every little bit helps. Even small amounts can add up to a significant sum over time.
"}},{"componentType":"sectionTitle","title":"Create a savings plan"},{"componentType":"paragraph","richBody":{"value":"Are you saving for education, a first car, or maybe a home of their own? Setting a goal can help motivate you to save.
"}},{"componentType":"sectionTitle","title":"Automate your savings"},{"componentType":"paragraph","richBody":{"value":"You can easily set up an automatic transfer from your current account to your child’s savings account. That way, you save a fixed amount weekly, monthly, or quarterly — without having to think about it.
"}},{"componentType":"sectionTitle","title":"Ask for savings as a gift"},{"componentType":"paragraph","richBody":{"value":"Encourage friends and family to contribute to your child’s savings account on special occasions, such as a birth, birthdays, or holidays, instead of buying gifts. A wonderful present for the future.
"}},{"componentType":"sectionTitle","title":"Set aside extra income"},{"componentType":"paragraph","richBody":{"value":"Do you receive child benefit, a bonus, or other additional income? Save part of it straight away. Once the money has been transferred to your child’s savings account, you’re less likely to spend it.
"}},{"componentType":"sectionTitle","title":"Hide the savings account"},{"componentType":"paragraph","richBody":{"value":"Did you know you can hide savings accounts in the ING App? Another handy trick to reduce temptation.
"}},{"componentType":"sectionTitle","title":"Cut costs"},{"componentType":"paragraph","richBody":{"value":"Are you finding it hard to save — or would you like to save more? Start by making an overview of your income and expenses. Where could you cut back?
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