Money. Life. Looman: Children grow up so quickly – and then they really become expensive!
Financing the education of children costs a fortune. So a good savings plan is needed. Or rich grandparents, says financial advisor Volker Looman. A financial tip to do the math.
A speaker addresses parents, noting that their children, now 11 and 9 years old, will be finishing high school in 8 and 10 years. The speaker assumes the children will pursue university studies at age 20, after a one-year break. The speaker estimates that 12 semesters, or 6 years, will be needed for a university education. The maximum monthly Bafög allowance is currently 992 Euros, but the speaker rounds this up to 1000 Euros.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
