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4 Ways to Save for Kids

Children often enrich the lives of their parents. But children should also be provided financially. Because they need food, clothing, and the training also costs money. So that saving for children can be done sensibly and effectively, we have an overview of various options from savings books to other investments for children.

Creating a financial basis for children

Once the baby daughter, son, grandchild, or godchild is born, mom and dad are known to be showered with gifts for the birth. And families also like to use occasions such as Easter, St. Nicholas, Christmas, baptisms, or birthdays to give presents to their children. As a result, some children are hopelessly overwhelmed with gifts. But it can make much more sense to start saving for children early on. Because then they will later have a good financial basis, which they will certainly be happier about. But what investment options are there and how useful are they?

Various investments to save for children

Saving options for the offspring are usually explicitly stated. If not, those willing to invest should ask the financial institutions what options are available for minors. Most of the savings options for children are designed in such a way that the savings only become available when they come of age. Follow these rules when saving for children:

  • Training insurance and accident insurance are not recommended. It is only worthwhile to insure the death of the parents with term life insurance
  • Housing cooperatives offer attractive interest rates for savings accounts and savings plans. In addition, they often offer the advantage of greater chances of finding an apartment at fair prices when living space is scarce.
  • Direct banks usually offer more attractive fixed-term deposit rates than branch banks in your area. The disadvantage, however, is the lack of contact on-site.
  • Index funds have good returns, but they also harbor risks. But if you spread the risk widely, it’s a good way to build wealth.

1) The call money account is a popular option

“Anyone who has money left over should open a money market account because it earns more interest than a savings account. But not every offer is worthwhile.” This rather controversial reference in the Hamburger Abendblatt shows two very different perspectives. On the one hand, the call money account is identified as an attractive option, on the other hand, a careless conclusion is warned against. It is therefore important to take a look at the details of the call money account:

  • Looking at the level of interest is just one important selection criterion when choosing a call money account. In this context, however, the frequency of interest payments is also an important detail. If this can be done quarterly or even monthly, this ultimately increases the return. However, tiered interest rates are only interesting up to the maximum rate. There is hardly any attractive return for the investor anymore.
  • High overnight interest rates should make consumers suspicious. Because behind this there is often a minimum investment amount to which the interest is also limited.
  • It is also worth taking a look at the duration of the attractive interest rates. If these level out over time, there is no long-term return. Then it may even be more attractive with permanently lower interest rates than with high-interest rates that are only available in the short term.
  • The daily money comparison at kontorat.de offers a good overview of the offers on the market. Interested savers can read in this article when it is worth investing in a call money account for their own household money.

2) Saving for children with the classic savings book

The savings book is the oldest investment in Germany. This is usually the first option for saving for children. Because the savings book works like a savings account and is considered safe. Even the smallest amounts of money can be deposited here. However, a savings account also has disadvantages. There is hardly any interest and offers little flexibility. Because in many cases only 2000 euros can be withdrawn per month and often you have to go to the bank with the savings book on site.

3) Savings account as an investment for children

With a bank savings plan, you can deposit a certain amount of money into a savings account on a regular basis. For this, inquire about special offers for minors at various financial institutions. You should also note the conditions here so that this option helps you save effectively. Therefore, inquire about the terms of the interest calculation. It is also important to know to what extent the deposit can be suspended. Overall, the money saved is considered safe here, although the yield is rather low. Also, note tips on handling money for children.

4) Individual ETF savings plans to save for children

ETF savings plans are not only a good retirement option for women but are also suitable for effective saving for children. An ETF (Exchange Traded Funds) is an exchange-traded index fund. Such an ETF usually contains several stocks in which you then invest your money. An ETF relies on broad diversification without an active fund manager. This makes ETFs cheaper. This can be used to build wealth if you decide to invest for a long time and increase diversification.

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Lifestyle

Halloween Party for Kids

There is more to a successful Halloween party than the breathtaking decoration made of real cobwebs and ghost noises. Yes, one would like to be a child these days. Especially at Halloween time, when the days are getting shorter, the weather more uncomfortable, and the shadows lengthen and become ghosts, ghosts, witches, dragons, and magicians. Because that was Halloween once upon a time. The festival before the harvest to get rid of evil spirits. Today it’s a festival of spitting and creeping.

There’s more to it than the buffet of Dracula’s blood cocktail, monster slime pudding, and pumpkin pie. Unusual, spooky disguises such as unique Halloween games round off a perfect Halloween party for children. So dear parents, have you already started planning your first Halloween party for your beloved offspring? … by the way, every Halloween party, no matter how modern, always has room for the origins and true background of this festival. Just a suggestion. Because fun and tradition, fun and culture, pleasure and history do not have to be mutually exclusive but can be combined in a playful, instructive, and informative way.

From the decoration to the last trick

If you are planning a Halloween party for your child, you have made a very nice undertaking. From the decoration to disguise, food, and scary music to the entertainment of the whole bunch of rascals and scary people, it’s a real hurdle race. We won’t help you make the wrong turn and masterfully complete the parkour to the perfect party. Also, note valuable tips for party planning.

Halloween party decoration

The Halloween party decoration is the figurehead. Decorating is about studying. Just go for it. The colors set the tone. Black and Orange. Enough airstrikes. scary elements. light effects. Cobwebs, scary masks, and more. Let your imagination run wild. You can also choose a specific motto for the party, such as burial chamber or cemetery, Waldburgeisnacht, or castle ghost.

Halloween party disguise

The Halloween party disguise is also essential. Witch? Wizard? spirit or ghost? Mummy? Dracula? Frankenstein? Let your child decide and then .. then involve them in the design and creation of their own costume. After all, the child’s creativity should also be stimulated, right? Let them think about how best to design their desired disguise. Plus, kids always have fun dressing up. Why not for Halloween too? The whole dressing up can also be a special occasion if the children dress up themselves at the party and then a monster show is performed.

That brings mood and mood, especially when the SHow can be presented to the parents. After all, they also want something to laugh and smile about. After all, it is her reward for the effort and investment in a successful Halloween party for her children and offspring. A celebration that will be remembered for a long time even without photos. A festival of festivals – only the best for your own children. From the decorations to the pumpkin pie, we’ve summoned the ghosts for a successful Halloween party. This spit these procrastinate to turn the day into a Halloween feast. Have fun for you and your children with spooky, partying, and Halloween Feiner.

The celebration goes through the stomach

A spooky food buffet is the best option here. Where the wieners are turned into chopped-off fingers, dipped in a pool of tomato sauce blood. Where the fruit punch becomes Dracula’s final blood meal and the cotton candy represents Medusa’s snake hair. Creativity is also required when eating so that the scary and monster buffet tastes good for the little scary spirits and ghosts.

Halloween party games

Halloween party games make things more fun. Even little ghosts and ghosts want to be entertained. Sometimes even more and more intense than the big ones. Games are needed. How about the eyeball run? a ping pong ball painted as an eyeball has to be carried balanced on a spoon through parkour? Glue the wart on a witch’s nose? wrap mummies? For speed and accuracy? A treasure hunt for the lost ghost treasure of the pirate ghost Al Salvador? A scary story to fall asleep to by candlelight? Even a follow-up hike through the gloomy night and neighborhood?

Apple dipping

A classic Halloween party game: An apple is placed in a bowl of water. The floating apple must be retrieved from the water without hands and children are only allowed to use their mouths. To make it a little heavier, remove the apple stems.

The Orange Game

In teams, the children must pass an orange. However, the orange may only be held with the chin. No child is allowed to use their hands during the handover. The first team to pass the orange wins.

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