Sponsored by Levler

Saving in funds for your child can help your child enter the housing market, act as a nest egg during their studies or simply provide financial security as they move into adulthood. Saving for your children is something that many parents want to do, but it can be difficult to get started until you know how to go about it. Together with Levler, we clarify common questions about children's savings and guide you through monthly savings in equity funds.

A child's savings usually last for many years and therefore have the potential to grow. With regular and long-term monthly savings in equity funds, you can smooth out the peaks and troughs of the stock market and create great opportunities for substantial value growth over time!

How much is reasonable to save?

It is easy to set the bar high when you want to start saving for your children in funds, for example with the aim of setting aside the entire child allowance. The risk is that you won't be able to follow through in the long run and will stop saving altogether. It may therefore be a good idea to set the bar a little lower and start saving a small amount - and then increase your savings over time if you can. This way, you can create a routine for saving and make sure it actually happens! How much you save depends entirely on your circumstances, the main thing is to get started and make a routine of it every month.

What should you save in? Should children save in funds?

Saving in equity funds means that your savings have the potential to grow and provide good returns over time. This means that you will experience both the ups and downs of the stock market. If you choose to save in funds for your children, it is a good idea to review the performance and fees regularly and then adjust your savings on an ongoing basis, for example if a fund is not performing or if the fees are too expensive compared to similar funds.

How big can children's savings grow?

Looking historically, savings in equity funds of SEK 500 a month can develop to a value of over SEK 200,000 by the time you turn 18, assuming a normal stock market trend. If you save SEK 1,000 a month, the savings will be well over SEK 400,000, as you get a greater interest on interest effect over time the more money you save.

Which name should you save in?

One issue that may not seem so important when you start saving, but is all the more important as the 18th birthday approaches, is the name in which the savings are held. If you save in an investment savings account (ISK) in the child's name, the money becomes available to the child on their 18th birthday and you then lose control of the saved capital. A good alternative is therefore to open a dedicated child savings account in your name instead, so you can transfer the savings to the child later on.

Levler has created Sweden's new savings platform with over 2000 funds. You get a 25 % discount on all funds' management fees and are also offered ready-made fund packages adapted for children's savings, among others! Download the Levler app and start saving for your children today! The app is available in both and .

Need to get a handle on your family finances? Try our templates!