You never know what’s around the corner, so planning as early as possible for your child’s costs can help in two important ways. First of all, it spreads the cost over a longer period, so you need to put away less each month.
Secondly, if you're prepared to accept some level of risk, an investment plan offers the potential for higher growth than a deposit account.
Either way, knowing that you have an investment plan in place from an early stage means that you’re well-placed to finance their life choices, whatever they happen to be.
If you think that your goals are quite far down the road, then what about putting aside a little each month right now, and upping it as your goals draw nearer? It will get you into the savings habit, and you’ll be pleasantly surprised at how quickly and easily your savings mount up.
Start today from as little as €100 per month with our new online digital investments. Apply online.
If you'd like to read a little more about the costs of second and third-level education, here is a handy resource that we recommend. Remember, however, that students may or may not require fulltime college accommodation in the current climate, as many of their lectures may be online:
3rd level cost of living guide from TU Dublin
https://www.dit.ie/campuslife/studentsupport/costoflivingguide/
Investment Product Warnings:
Disclaimer
Life assurance and pensions products are provided by New Ireland Assurance Company plc., trading as Bank of Ireland Life. New Ireland Assurance Company plc., trading as Bank of Ireland Life is regulated by the Central Bank of Ireland.
Advice on Bank of Ireland Life products is provided by Bank of Ireland, trading as Bank of Ireland Insurance & Investments. Bank of Ireland trading as Bank of Ireland Insurance & Investments is regulated by the Central Bank of Ireland.
Bank of Ireland is a tied agent of New Ireland Assurance Company plc trading as Bank of Ireland Life for life assurance and pensions business.
Members of Bank of Ireland Group.
