@danmalonemoney: Keeping child benefit in a standard bank account is the most guaranteed way to lose money. 🛑👇 Leaving your €140 monthly child benefit sitting in a current account feels safe, but inflation quietly destroys its purchasing power every single year. The Stagnant Bank Account Reality: Total saved over 19 years: €31,920 Interest earned: Zero Real value at age 19: Only ~€25,000 (a loss of nearly €7,000 in purchasing power due to inflation) What Financial Pros Do Instead: Download a beginner-friendly investing app. Set up a €140 monthly standing order from their bank to the app. Automate monthly purchases into broad market global stock ETFs. The Result: By age 19, that same monthly benefit could grow to over €43,000 after accounting for tax and inflation - leaving your child with roughly €11,000 in pure profit instead of a €7,000 loss. Stop letting inflation drain your family's future. 💡 📩 Want to start investing for your kids? Join my free weekly newsletter (link in bio) for step-by-step Irish personal finance guides, and follow for more money tips! When investing, your capital is at risk and you may get less back than invested. Past performance doesn't guarantee future results.

Dan Malone

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Region: ZA

Monday 21 September 2026 12:00:00 GMT