Saving for a child’s education is a long term saving goal that increases the further a child goes through school and on into college, so it makes sense to have a savings plan in place to ensure all their needs are met during a child’s life.
Savings for the future
We all want to give our children the best possible start in life and a good education is a top priority. However, this can be more costly than you might realise. The cost of putting one child through school and university can easily run into tens of thousands of euro. If you have two or more children then you’re going to have to dig even deeper to keep the educational roadshow up and running.
Once you’ve worked out how much you want to save, you will need to decide how those savings are invested. The amount invested depends on how much risk you are prepared to take. Everyone’s attitude to risk is different. Choosing your own investment strategy will involve deciding on the level of return you are looking for and balancing it against the level of risk you are comfortable with.
Saving for your children’s education can seem daunting, but if you save and invest wisely it doesn’t have to be. Knowing how to save for their future is important, but you don’t have to be a financial wizard to do it. You might just need some advice on financial plan and review and adapt that plan to meet your families changing needs.
Small changes, big results
The cost of education is high and increases over the years. So, wouldn’t it make sense to plan ahead and build up your savings year-on-year? Regular savings can grow over quickly over a short period of time. Starting now and contributing to Zurich’s LifeSave Savings Plus plan can help ensure your child’s future education.
Grow your funds
We have a number of saving products suitable to a variety of savings goals. So if you’re saving for your children’s education and future, check out our saving options and start growing your funds today.
We have lots of useful saving tools to help you start and continue to save into your children’s future. From savings calculators and budget tools, we are happy to help you with your savings objectives.