Money Talks: 'You'll put in 30k, but you will have around 41.5k' - how investing your child benefit pays off

"'You'll put in €30,000, but you'll end up with about €41,500.' Personal finance columnist Sinead Ryan doesn't mince her words when it comes to the potential power of child benefit, if it's saved strategically. On the latest episode of Money Talks, she explains to Katie Byrne why this €140 monthly payment is one of the most misunderstood parts of family finances. For some households, it's essential income. For others, it becomes a missed opportunity simply because life with children is expensive, chaotic and full"

"But for parents who can put even part of it aside, Ryan outlines how time, consistency and compound growth can turn a modest monthly amount into a substantial 18-year fund. She explores everything from deposit accounts to unit-linked investment products, the pros and cons of risk, and why choosing a bank other than the one you use daily might be the smartest move of all."

"She also breaks down the practical questions parents should ask early, long before CAO forms, textbooks and student accommodation become real costs, and why it's never too late to start saving, even if your child is already in secondary school. To hear the full conversation with Sinead Ryan, check out the latest episode of Money Talks wherever you get your podcasts. The content of this podcast is for information purposes and does not constitute investment advice or recommendation of any investment product."

A €140 monthly child benefit can be saved strategically to build a substantial 18-year fund. Time, consistency and compound growth can turn modest monthly amounts into significant sums. Deposits and unit-linked investment products represent different options with varying risk and return profiles. Choosing a different bank or account can improve returns or savings discipline. Parents should identify practical questions about future education and accommodation costs early and plan accordingly. Starting to save at any point, even during secondary school, can still meaningfully improve long-term funds. An example projection shows putting in €30,000 over time could grow to about €41,500.

Read at Irish Independent