Children should gain their own experience with money at an early age
When is the best time to start? Der Beitrag Children should gain their own experience with money at an early age erschien zuerst auf Clanq.
Imagine this: your six-year-old child receives their first pocket money and rushes into the shop. Their goal: the giant LEGO dragon! What happens instead? They buy three tiny packets of chewing gum that are soft after ten minutes – and the dragon remains out of reach. The result: tears of realisation and an empty wallet. That’s exactly the point: these small, painful failures are worth their weight in gold! Because as long as the financial decisions are still manageable, it’s perfectly fine (and even important!) for your child to learn through trial and error. Failure with chewing gum is painful, but harmless. Failure with the first rent is more complicated. The right way to handle money is not innate, but a skill that everyone must learn. This includes setting priorities, budgeting and using money responsibly. Early experiences with money allow children to learn the consequences of bad decisions with small amounts before they have more serious consequences in adulthood. It is best for parents to give their children more and more responsibility in many small steps. And the earlier you start, the more small steps are possible. What does «early» mean? The age at which children should have their first experiences with money is very individual. Children are not all at the same stage at the same age, and not all parents think the same time is right. Although every child has their own pace – and you as a parent know best when your child is ready – you can use the following rule of thumb as a guide: We recommend systematically teaching children to take responsibility for their own money by the time they start school (around the age of 6) at the latest. At this age, children develop the necessary understanding of numbers and are mature enough to grasp the connections between desires, saving and spending. Start with small weekly pocket money amounts so that your child can learn to manage their own budget in short, manageable steps. This is what matters when it comes to pocket money. Clanq Kids Banking supports you The Clanq app makes the process of learning about money tangible. Whether it’s their first small purchase or saving for a bigger goal, Clanq Kids Banking Lite offers a well-structured framework for their first experiences with money. With the help of digital piggy banks and chores, children learn first-hand what it means to have money at their disposal, to spend it or to save it. Parents accompany them every step of the way. To support this important lesson in «spending and saving», we have developed an exclusive e-book series. In illustrated stories, our St. Bernard puppy Clarry experiences adventures related to money. This allows you to teach your child the basics of the financial world – from «Why does this cost money?» to «How do I save properly?» – in a way that is fun and memorable. You can find all the books directly in the Clanq app and start reading aloud at any time! A tangible start with physical money As a former primary school teacher, I am an advocate of making things that need to be learned tangible first. That’s why I am absolutely in favour of children holding their money physically in their hands at first. Parents show their children the individual processes in parallel in the Clanq app. This allows children to develop a solid understanding of physical and digital money right from the start. Once this understanding is established, you can move on to the next step: Clanq Kids Banking with your child’s own digital wallet. Digital money as a challenge in financial education «When you need money, you go to the cash machine and take it out.» «Just order the jumper online, then the postman will bring it, and you won’t have to spend any money.» These are just two of many things I’ve heard children say. At first, I had to smile, but at the same time I realised how important it is for children to understand that you have to work for money and that it can run out – even if you spend it digitally. Coming soon: The digital wallet Clanq Kids Banking is a simple and straightforward way to give children experience with digital money and to give them more and more responsibility in a way that is tailored to their individual needs. It is perfect for children who can do arithmetic and have already had their first experiences with physical money. We have just launched the Lite version. Kids Banking Lite with «Clarry», the digital wallet for children, will follow in early 2026. I am already looking forward to our first experiences with it! Further information on Clanq Kids Banking: clanq.ch/en/kids-banking Der Beitrag Children should gain their own experience with money at an early age erschien zuerst auf Clanq.
Meaning and why it is important Der Beitrag What is Financial Wellness? erschien zuerst auf Clanq.
When you hear “wellness”, you might think of a relaxing day at the spa with soothing music. But unfortunately, financial wellness isn’t about bubble baths and massages (although we parents could definitely use that too). Instead, we’re talking about something that sounds less relaxing at first glance, but is just as beneficial in the long run: healthy financial planning. Financial wellness means that you have your finances under control so that they don’t cause you stress – and that can be a real game changer for parents. With all the things parents have to organise, plan and keep an eye on, financial health often takes a back seat. But this is exactly where the concept of financial wellness comes in: It’s about not just keeping your head above water in the short term, but leading a stable, stress-free financial life in the long term. This is essential for families in particular. Of course, financial wellness does not mean that you have to be rich. Rather, it’s about having control over your own money and making financial decisions with a sense of security. In short: money should not be a stress factor, but a tool that you can use to actively shape your future. Tip: Here you can find out how to monitor your budget. Why is financial wellness so important for parents in particular? As a parent, you are not only responsible for yourself, but also for your children. Financial worries can also have an impact on the family. If you regularly worry about bills, debts or unforeseen expenses, you will experience more stress – and this can put a strain on the whole family in the long term. A good financial basis means: More security: you are prepared for unforeseen events and can cushion financial bottlenecks. More freedom: You can offer your children more options – be it in terms of leisure activities, education or little extra wishes. More role model function: Children learn from their parents how to handle money. A conscious approach to finances lays the foundation for your child’s future. Speaking of role models: More on this and other tips on how children learn how to handle money. 5 tips for more financial wellness as a family Define savings goals: Set clear savings goals for yourself and your family, e.g. for your children’s education or unexpected expenses. Use tools like Clanq to easily integrate saving into your everyday life. Build up a nest egg: An ironclad reserve of around 3 to 6 months’ salary will help you to cope with unforeseen costs without panicking. Keep an eye on income and expenditure: Good budget planning shows you where you can make savings and where money can be put to good use. Save for your children early on: Even small amounts that you put aside regularly will build up a solid cushion over the years. Discuss finances as a family: Children should learn how to handle money at an early age. Age-appropriate conversations and playful approaches help them to develop an early awareness of finances. Conclusion: Small steps, big impact Financial wellness doesn’t mean that you have to have everything perfectly under control overnight. It’s about gaining more clarity and control step by step – and that pays off in the long term. Because the more relaxed you are about financial matters, the more energy you have for what really matters: Time with your family. Clanq can help you with this: With the app, you automatically save for your child without impacting your budget – because you collect cashback with every purchase. This makes saving a natural part of your everyday life. Take the first step towards financial wellness – for you and your family! Der Beitrag What is Financial Wellness? erschien zuerst auf Clanq.
Results of our qualitative survey Der Beitrag Family budget: Yes or no? erschien zuerst auf Clanq.
How do parents keep track of all these expenses? We wanted to find out more and asked Swiss parents. The answers to our qualitative online questionnaire reveal that every family has its own strategy, ranging from «no budget, we do it by feel» to using Excel spreadsheets and setting clear savings goals. Around half of parents have drawn up a budget Around half of the respondents did not have a family budget at the time of the survey in summer 2025. Some were planning to set one up soon, while others thought they could manage well without one. The reasons ranged from a lack of time to uncertainty about how best to draw up a budget. How to create a family budget! The other half already works with a budget. 46 % of them only update it when necessary, and 54 % use an Excel spreadsheet they have created themselves. Whether simple or detailed, the main thing is that it fits in with everyday life. Here are tips on how to monitor your budget. The biggest challenges Many parents report that the rising cost of living is a real burden. Unforeseen expenses also make planning difficult. One interviewee with two children (aged 10 and 12) said: «Meeting all the needs of every member of the family is difficult. Where do we save, and where are we prepared to invest money?» That’s why it makes sense to build a small nest egg into the budget – for repairs, medical expenses or other surprises. However, saving is also high on the list of frequently mentioned challenges. «Saving enough money for the children’s pensions and education worries me,» says one parent of three children (aged 8, 11 and 13). Good to know: This is what a child costs Don’t put off saving until later Is what I can save today enough for my children’s education or provision? One thing is certain: Many people underestimate how much even small amounts can add up to. 50 CHF per month adds up to over 10’000 CHF after 18 years – and significantly more with interest. That’s why it’s better to start small than not at all. It’s the many small steps that make a big difference over the years. Family budget is a support Our survey shows that there is no one right way. The important thing is that the budget suits the family – whether in the traditional way on paper, in Excel or with an app. In the end, it’s not about restrictions, but about clarity about which dreams can be realised and which will have to wait a little longer. Once you’ve got started and know your budget, it’s easier to make decisions – and that’s a great support with all the many decisions that parents have to make every day anyway. Der Beitrag Family budget: Yes or no? erschien zuerst auf Clanq.
Clanq introduces Clarry, the St. Bernard
About our mascot and a strong partnership for children and families Der Beitrag Clanq introduces Clarry, the St. Bernard erschien zuerst auf Clanq.
What do a St. Bernard puppy and a modern savings app have in common? It’s simple: they are at the heart of a unique partnership between Clanq, Barryland and Cornèr Banca SA – for a child-friendly and playful banking experience! Barryland – home of the St. Bernards Barryland in Martigny is more than just a museum: It’s a living place where children and adults can experience the legendary St. Bernard dogs up close. With interactive exhibitions, real dogs and an exciting history, Barryland is a place full of emotions. Thanks to Cornèrcard’s partnership with Barryland, it is now also part of our Clanq universe. All information about Barryland: barryland.ch Who is Clarry? Clarry is our new four-legged mascot – a fluffy, good-natured, and strong companion. The young St. Bernard still has a lot to learn. At Clanq, we believe that financial education should start early – but always with fun. Together with Clarry, we want to show children that saving, paying and learning how to handle money don’t have to be boring. Clarry stands for trust and accompanies families in their everyday digital lives. With learning and fun! Competitions & family events with Barryland Together with Barryland and Cornèrcard, we are planning exclusive events and fun competitions with surprises and prizes. Curious? Stay tuned – there are lots of new things to discover. Subscribe to our newsletter and follow us on Instagram or Facebook to find out more about Clarry and our competitions! Der Beitrag Clanq introduces Clarry, the St. Bernard erschien zuerst auf Clanq.
Collect cashback before the baby is born
How the «Safe for the future» works Der Beitrag Collect cashback before the baby is born erschien zuerst auf Clanq.
A baby means anticipation, excitement – and, of course, lots of new expenses. It’s good to start saving for your child early on. That’s exactly why we’re introducing a new Clanq feature: the «Safe for the future». It allows you to start collecting cashback for your child with every purchase you make during your pregnancy or even earlier. The earlier you start saving, the better Many parents want to do something for their baby’s future even before they are born. However, setting up a separate savings account for your child is often only possible once you have a birth certificate. Clanq closes this gap with the «Safe for the future»: You can set up your savings safe right now! Unlike Clanq’s «piggy bank», which has its own IBAN, the «safe» is only a temporary storage facility and not a traditional account. Nevertheless, the safe is a good way to collect your first savings for your child’s future. Saving for the future – automatically Pregnancy is a time when many new purchases are made: Furniture for the nursery, baby clothes and much more. You can find an overview of the expenses you should expect in our article How much does a baby cost at birth? If you pay for these with your Clanq card, you will receive 1 % cashback on everything. With selected partners – many of which are particularly relevant for expectant parents – you can even receive up to 25 % cashback. This means that part of your spending automatically goes back into your savings vault. Here’s how it works: Download the Clanq app and open an account if you’re new here. Create a new piggy bank. Select the «Safe for the future». Enter your relationship (e.g. mother), an approximate date of birth (month only) and a name or nickname. And you’re ready to go! Cashback is automatically collected whenever you pay with your Clanq card. Shop sustainably and save with our cashback partners Our cashback partners are a central part of our safe for the future and make it easy for you to save money on everyday purchases. loopi: Flexible pram subscription for sustainable families – good for your wallet and the environment. Panda Kindermöbel: High-quality, functional furniture and accessories for all ages – for a cosy children’s room where they feel at home. LOVE KIDS by Petite Année: Lovingly personalised gifts for babies and children – perfect for christenings, births or birthdays. KidsDream.ch: Stylish baby and children’s clothing for everyday wear and special occasions. Circle Toys: Second-hand toys by subscription or for purchase – saves money, conserves resources and brings joy to the children’s room. Farmy: Order fresh, regional food conveniently online – ideal for a balanced diet even before birth. online-apotheke.ch: A wide range of health and care products – with fast delivery straight to your door. haar-shop.ch: High-quality hair, beauty and care products for the whole family. And if you want more than just products, but also tips for (expectant) parents, you can get 25% cashback with our partner magazines up to. And when the baby arrives? Once your baby is born, simply convert the safe into a proper piggy bank. Your savings will then be automatically transferred from the safe to the piggy bank with IBAN. That’s all you need to do. So you can concentrate on what’s most important: spending time with your family, including your new family member! Der Beitrag Collect cashback before the baby is born erschien zuerst auf Clanq.
Enjoy your holiday without money stress Der Beitrag Budgeting for relaxed family holidays erschien zuerst auf Clanq.
For many families, the holiday season is the best time of the year – and unfortunately often the most expensive. Between accommodation, meals, activities and little extras, the expenses can quickly mount up immeasurably. But there is another way: with a well-thought-out holiday budget and a few simple tricks, you can enjoy a relaxing family holiday without getting into financial difficulties afterwards. Why do we often spend too much money on holiday? The holiday season is closely linked to emotions: Relaxation, adventure, enjoyment – you want to escape the daily grind. It is precisely this desire that often leads to out-of-control spending. Many people indulge in the motto “Now I’m going to treat myself” during the holidays without paying attention to the budget. In addition, there are spontaneous decisions, excursions, souvenirs or restaurant visits that were not planned. Children’s wishes (“Can I have that?”) are also fulfilled more often in a relaxed atmosphere than in everyday life. Another point: In unfamiliar surroundings, you often lack an overview of prices and alternatives. It’s easy to end up in overpriced tourist traps or buy more than you need out of convenience. Talking about money – especially when planning holidays According to our survey, only one in three families talks openly about money. Yet holiday planning is an ideal opportunity for couples, families or parents with children to consciously address the topic of finances. A joint discussion about wishes and possibilities promotes mutual understanding and makes it clear that if you save money in one area, you can invest more elsewhere – for example, cooking at home three times and then going to your favourite restaurant. You can also involve your child, in an age-appropriate way, in such conversations. They will learn how to make conscious decisions and how budgeting works. Involve your child in the planning Your child can enjoy planning a holiday themselves – it encourages independence and organisation. A budget also promotes an understanding of the costs that can arise during an excursion. Of course, depending on their level of maturity and experience, they will need appropriate help. One prerequisite, for example, is that you have already discussed the holiday destination and various local options with your family. Planning is easier if you are spending your holiday in Switzerland. Talking about money in a relaxed atmosphere, such as before or during the holidays, helps to remove the taboo from the subject. And planning together is not only fun, but also strengthens family cohesion. Holiday budget: Planning pays off A fixed budget ensures relaxation, also in your head. If you know in advance what you can afford, you can plan better and enjoy yourself more consciously instead of being annoyed about unexpected costs later on. Planning gives the whole family structure and clear boundaries within which the holiday can be experienced carefree. 10 tips for budget planning Determine the total amount: How much should the entire holiday cost? Consider accommodation, travel, meals, excursions and extras. Calculate your daily budget: Work out how much is available per day. This will help you avoid large fluctuations. You can also set daily limits for your payment card. Plan for a buffer: Unforeseen expenses (e.g. medication, repairs) happen – factor them in. Do your research beforehand: You can find out and compare admission prices, parking fees and restaurant costs (don’t forget to tip) online. Many attractions also offer discounted family tickets. It’s worth enquiring beforehand (e.g. at the tourist office). Holiday book instead of souvenir shop: An album with tickets, photos and collected memories replaces expensive souvenirs and makes the memory more personal. Travelling by public transport: Many regions offer holiday tickets for bus and train, or include them in the guest pass. Avoid high roaming charges: It’s best to leave your mobile phone in flight mode when travelling and use the Wi-Fi in your accommodation to access the internet, for example. Do not change cash at the airport: Exchange offices at your home airport or in the destination country itself (especially at airports) usually charge high fees or offer poor exchange rates. It’s better to exchange at your bank in advance – you’ll usually get a better rate there. Use your card wisely: When paying by card, make sure you always select the local currency at the terminal, not your own. Conversion by the retailer (keyword: “dynamic currency conversion”) is usually more expensive. Withdraw cash from ATMs using your debit card instead of your credit card: If possible, use your debit card for withdrawals. Credit cards often incur significantly higher fees. Find out in advance about the conditions of your bank abroad. Here you can find more tips for planning your 2025 holiday, including ideas for collecting cashback. Conclusion: A relaxing holiday despite the budget? Yes, absolutely! Relaxing holidays don’t have to cost a fortune. With a little planning, openness to alternatives and conscious decisions, your holiday time will not only be cheaper, but possibly also more intense and more fulfilling. With a well-thought-out holiday budget, you will gain freedom and serenity, perhaps the most important ingredients for a successful family holiday. And if you plan together, you can experience wonderful moments with your family even before the trip! Der Beitrag Budgeting for relaxed family holidays erschien zuerst auf Clanq.
These magazines provide reading fun for parents and children
Reading tips with extra cashback Der Beitrag These magazines provide reading fun for parents and children erschien zuerst auf Clanq.
Being a parent is wonderful – and sometimes quite challenging. Between mountains of laundry, organising the nursery and helping children to fall asleep, there is often little time to find information or inspiration. The ray of hope: You are not alone! Many parents struggle with challenges, and there are plenty of good guides for them. We’ve put together a selection of magazines that will support you in your everyday life and earn cashback for your child’s piggy bank at the same time. And because children deserve great stories too, at the end you’ll find 2 tips for little bookworms and those who might become one. Note: The following recommended magazines are only available in German language. We’re working on extending our partnerships, so you’ll have the chance to earn cashback with publications in other languages, too. Reading tips with advice and inspiration for everyday family life wir eltern – right in the middle of family life wir eltern is aimed at parents with children of toddler and primary school age. The magazine focuses on topics such as everyday parenting, partnership with children, health, creative leisure activities and psychological impulses for a relaxed family life. Here you will find honest insights, helpful parenting tips, psychological background information and inspiring family stories. From July 2025, you’ll also find financial tips from Clanq here! Annual subscription with 25 % cashback in the Clanq Shop. The Swiss parents’ magazine Fritz+Fränzi The multi-award-winning Swiss parents’ magazine Fritz+Fränzi is the largest advice magazine for parents in Switzerland. It is aimed at parents of school-age children aged 6 and over, teachers and people interested in parenting. Here you will find well-founded articles on learning development, media use, education and everything that helps children grow and learn. High-quality content and practical expert knowledge will help you to accompany your child on their journey – factual, helpful and close to everyday family life. Pay with Clanq card for 7 % cashback. Swissmom – everything about pregnancy and birth Swissmom accompanies expectant and new parents with well-founded information, medical advice and a lot of heart. Swissmom helps you keep track of everything, especially during the intensive period of pregnancy and birth, and provides helpful answers to the most important questions. You will soon find a financial guide from Clanq at Swissmom! Practical: available digitally free of charge at swissmom.ch Grosseltern – the magazine that connects generations A magazine that builds bridges: For grandparents who are actively involved in family life, with topics on relationships, parenting, leisure, travelling, and the important role that grandparents play in the family today. Various subscriptions with 25 % cashback in the Clanq Shop. Einfach Kochen by Meta Hiltebrand Over 30 seasonal recipes, food facts, tips and exciting personalities: This magazine makes you want to cook together. Perfect for families who enjoy cooking together or want to inspire children to eat healthily. Annual subscription with 25 % cashback in the Clanq Shop. Wohnrevue – Swiss lifestyle With children at home, everything is rarely tidy – but that’s exactly why it’s worth consciously organising your own home. Wohnrevue offers inspiration for anyone who wants to live more beautifully. In addition to design trends, you will also find articles on building, remodelling and furnishing. How to make the most of your home! Annual subscription with 25 % cashback in the Clanq Shop. Wandermagazin SCHWEIZ Whether for your next family outing, a weekend in the mountains or simply for daydreaming, the hiking magazine SCHWEIZ brings you the most beautiful routes, excursion tips, and nature experiences straight to your home. Particularly practical: many hikes are child-friendly, easily accessible and ideal for anyone who enjoys being outdoors – even on a budget. Available soon in the Clanq Shop with 25 % cashback. Reading fun for children Librio – personalised children’s books Librio turns every story into a very personalised adventure, because your child plays the leading role in these lovingly illustrated children’s books. The books are personalised, have a high-quality design and are available in German, English and Spanish. Whether for reading aloud or reading yourself: Librio is a special gift with lasting value for children up to the age of 9. Order from Librio with Clanq and receive 5 % extra cashback! SPICK – the smart children’s magazine from Switzerland Knowledge, comics, puzzles and reports: SPICK is the popular Swiss knowledge magazine for children from the 3rd grade upwards. There is also the MiniSPICK for children of kindergarten age. SPICK is entertaining, educational and always at eye level with young readers. With exciting reports, puzzles, comics and aha moments, SPICK arouses curiosity and conveys knowledge in a fun way. Ideal for encouraging a love of reading – and with Clanq you get 2 % extra cashback for your piggy bank with a SPICK subscription. Der Beitrag These magazines provide reading fun for parents and children erschien zuerst auf Clanq.
Costs and money-saving tips for first-time baby equipment Der Beitrag The cost of a baby at birth erschien zuerst auf Clanq.
When a baby is planned or on the way, emotions run high. Wow, we’re going to be parents! With all the joy, financial means often play a subordinate role. But starting your own family should also be well planned financially, because the beginning of parenthood is expensive. We have already looked into the question How much does a child cost? The short answer: around 330’000 CHF up to the age of 18. However, this calculation starts with the birth of the child. However, parents buy many things before the baby arrives, for example, a changing unit or a pram. These costs for the so-called initial baby equipment are not yet included in this CHF 330,000. Therefore, in addition to the running costs for nappies, clothing and caring for your baby, you also need to budget for the following costs. 1. Furnishing the baby’s room The most important pieces of furniture include Baby cot (with mattress): 150–800 CHF Changing unit: 150–500 CHF Wardrobe/shelf: 100–500 CHF Nursing chair/armchair: 80–300 CHF Total basic equipment: 480–2’100 CHF Tip: Furniture in particular (e.g. chests of drawers, shelves) can be bought second-hand or taken over from friends and acquaintances. This is sustainable and reduces costs enormously. 2. Pram Used: possible from as little as CHF 100 Simple models: 200–500 CHF Branded pushchair: 600–1’400 CHF, in a set with 3 shells up to 2’000 CHF Tip: You will need at least 2 pram shells anyway, and a third one after 6 months. Buying everything as a set is often cheaper. 3. Baby car seat New baby car seat (e.g. Cybex, Maxi-Cosi): 120–350 CHF Used: from 50 CHF Caution: For safety reasons, it is recommended that you buy baby car seats as new as possible or only from a reliable second-hand source. 4. Devices and practical helpers Baby monitor: 40–180 CHF Nappy pail: 25–80 CHF Bathtub/bath bucket: 20–60 CHF Night light: 10–40 CHF Breast pump: 80–250 CHF Bottle warmer/steriliser: 30–100 CHF Depending on whether you are breastfeeding or not, there may be no costs here. Total estimate: Starting budget from 800 CHF You should therefore realistically expect the following budgets for the items mentioned: Economical version (basic, second-hand): 800–1‘200 CHF Comfortable version (new and branded products): 2‘000–4‘000 CHF It should be noted that these are only rough average values for orientation. For devices such as a baby monitor, for example, the price range is extremely high and can be far higher than the 180 CHF mentioned above if other features are included. The cost of furnishing a child’s room also varies greatly depending on the size of the room, what you may already have and how exclusive the furniture is. Our recommendation: Only buy the absolute basics before the birth. Every baby is different and has different preferences, which you can only cater for once they are born. If you listen to all the recommendations about what you might need, you might end up buying a lot of things that you don’t need. Tips for saving on initial equipment Used items from friends: First, ask around in your circle of acquaintances to see if anyone might no longer need one or two things. Perhaps someone can sell or lend you a pram at a favourable price. Second-hand portals: You can find many good offers on online portals such as Ricardo. The products are often barely used and as good as new, but cost significantly less than in a shop. Renting instead of buying: You don’t have to buy every product straight away. Especially those things that children quickly outgrow, such as pushchairs, baby car seats or cots, can also be rented wonderfully, e.g. at loopi.ch. Gifts from the clan: Involve your relatives and friends in the planning. For gift-giving occasions, such as a baby shower, communicate clearly what you urgently need for your baby and how your family clan can support you. Money back with cashback: With Clanq, you get 1 % cashback on every purchase. For purchases from our cashback partners, even up to 25 %. You can even do this before your child is born, so that you can start saving right away on your first baby equipment. Our tips for collecting cashback Cashback during pregnancy Many costs are incurred even before the child is born. That’s why you can download the Clanq app as soon as you’re pregnant or at least planning to have a child. Simply create a piggy bank in the name “Baby” and enter the date of the account opening as the birthday. When your child is born, you can provide our support team with the correct data, and we will customise everything for you. By the way: Not only (expectant) mums and dads, but also grandmas, grandpas, aunts, uncles, and everyone else can collect cashback for a child in the clan with Clanq! You can find out exactly how the cashback works here. Extra cashback with selected partners Here are a few selected cashback partners where you can get up to 25 % cashback on top of your 1 % purchase. With Clanq, you can save a lot on your first baby equipment. Farmy – Baby food and baby care conveniently delivered to your home (farmy.ch) Panda Kindermöbel – Baby equipment and furniture for the nursery (pandakindermoebel.ch) loopi – flexible pram and carrycot hire instead of buying (loopi.ch) Löwenkind – natural herbs for all kinds of aches and pains (loewenkind.ch) Circle Toys – sustainable toys to rent or buy (circle-toys.ch) Online pharmacy, haar-shop.ch – care products for expectant mothers and babies (online-apotheke.ch, haar-shop.ch) Love Kids, Stadtlandkind, Kidsdream, Kidz – clothing, accessories and everyday essentials (lovekids.ch, stadtlandkind.ch, kidsdream.ch, kidz.ch) You can also find valuable tips (in German) before and during pregnancy and afterwards during the baby and child period from our cashback partners Wireltern (wireltern.ch) and Swissmom (swissmom.ch). You can find an overview of all cashback partners here. Conclusion: budget CHF 1‘000 to 3‘000, the savings potential is enormous For good quality, safe and comfortable initial equipment, you should roughly budget around 1‘000 to 3‘000 CHF for furnishing the baby’s room, pram, carrycot and the most important equipment, depending on your requirements and budget. There are many ways to save money. If you buy new items, it’s best to pay with Clanq, you get at least 1 % of your initial baby equipment costs and up to 25 % of the amount spent back. Der Beitrag The cost of a baby at birth erschien zuerst auf Clanq.
How much at what age? Der Beitrag This is what pocket money is all about erschien zuerst auf Clanq.
As soon as your child can solve their first maths problems, you can consider whether you want to introduce pocket money. This will be the case towards the end of kindergarten or at the latest during lower school. Pocket money is a good way of teaching children how to handle money and giving them their first experience with their own money at an early age. Think about the framework in advance. These 3 things are the most important: 1. Recommended amount of pocket money In principle, the amount of pocket money depends on the family budget and the age of the child. Various Swiss platforms (e.g. budgetberatung.ch, projuventute.ch) recommend giving 3 to 5 francs per week to kindergarten and lower school-age children. From the age of 9, the intervals between payments are extended to 2 weeks. For teenagers aged 12 and over, pocket money should be paid monthly, as it will be in their later professional lives. Here’s an overview of the guidelines: From 6 years of age: CHF 3 per week From 7 years of age: CHF 4 per week From 8 years of age: CHF 5 per week From 9 years of age: CHF 15 every 2 weeks From 10 years of age: CHF 18 every 2 weeks From 11 years of age: CHF 20 every 2 weeks From 12 to 14 years of age: CHF 50 to 70 per month 2. Pay out pocket money reliably Just as important as an appropriate amount and frequency is that you give your child their pocket money on time and without being asked. It’s best to fix the payment dates in your diary. Also avoid cancelling your child’s pocket money as a punishment. Think about why you are giving pocket money. Your child should learn how to handle money. They should learn to plan and organise their money. If you can’t count on money reliably, it’s difficult to plan. 3. Pocket money is for wishes and pleasure Children are free to decide how they want to spend their pocket money. Parents continue to buy the necessities. It is important that the family rules continue to apply regardless of the pocket money. For example, if the child decides to buy sweets, they are still not allowed to eat them in the evening if no sweets are eaten in the family in the evening. Personal tips for inspiration I have done a lot of research on this topic and have been inspired by the website simosackgeld.ch, among others. Here are some tips based on my experience as a mum and primary school teacher that I would like to recommend to other parents. Saving with 3 cash boxes My son is 8 years old. He receives his pocket money weekly. He has three transparent cash boxes for storing his money: one for saving, one for spending and one for good deeds, i.e. donations. At Clanq, we recommend that adults keep several accounts for different areas of expenditure. With the 3 cash boxes, this recommendation becomes a matter of course from an early age. Spend: My son can put this money in his wallet at any time and buy himself something with it. He likes to treat himself to a little something in between. That’s why there are usually only a few coins in this purse. Saving: He saves for dreams in this cash box. For example, he once bought himself a bright green floorball stick. Gifts of money also go into this box. Donations: We collect donations for different projects from holiday to holiday. I always choose 3 fundraising projects that might interest my son and briefly present them to him. The first one he chose was a WWF donation project to save endangered sea turtles. We printed out the picture of the sea turtle and fixed it as the background image in the donation box. <img fetchpriority="high" decoding="async" class="wp-image-332 alignnone" src="https://clanq.ch/wp-content/uploads/2023/05/Sparkässeli-1-Gross-1024x768.jpeg" alt="" width="512" height="384" srcset="https://clanq.ch/wp-content/uploads/2023/05/Sparkässeli-1-Gross-1024x768.jpeg 1024w, https://clanq.ch/wp-content/uploads/2023/05/Sparkässeli-1-Gross-300x225.jpeg 300w, https://clanq.ch/wp-content/uploads/2023/05/Sparkässeli-1-Gross-768x576.jpeg 768w, https://clanq.ch/wp-content/uploads/2023/05/Sparkässeli-1-Gross-200x150.jpeg 200w, https://clanq.ch/wp-content/uploads/2023/05/Sparkässeli-1-Gross.jpeg 1280w" sizes="(max-width: 512px) 100vw, 512px" /> Now that most platforms have updated their recommendations for the amount of pocket money, I too have been prompted to reconsider how much pocket money my son should get. Pro Juventute recommends 5 francs per week plus (individually) a savings contribution. Since we also fill a donation box, I add a small amount to that. Keeping a record in a playful way We keep records of the money so that my son learns to control his money. When he was younger, we recorded the coins, but now we just write down the amount. Since I’ve noticed in everyday life that things that need to be done quickly are more likely to be kept, we currently only keep records of the cash box in which my son has his spending money. We write down how much money is added, but also when he has bought something. This way, he always knows the current amount available. We count the money that is intended for donations and savings from time to time. Conclusion: It’s worth giving it some thought There are various ways to teach your child how to handle their own money. Each family must decide on the appropriate framework for this. In any case, it is important that you as parents think about it and accompany your child. Here you can find more tips on how children learn to handle money. Der Beitrag This is what pocket money is all about erschien zuerst auf Clanq.
How to monitor your budget Der Beitrag Conscious money management erschien zuerst auf Clanq.
At the end of the month, you look at your bank balance and ask yourself how it could have come to this. It’s not unusual to think at this moment: «I didn’t spend that much!» But then it turns out that you have accumulated numerous small expenses over the month that you quickly lose sight of. Everyday habits that affect your bottom line The daily habits that impact your savings are often invisible, but they play a key role in determining your long-term financial goals. They’re often small actions that, if left unmonitored, accumulate and eventually eat away at your income without you realising it. Here are a few: 1. Ill-considered subscriptions and recurring payments The little subscriptions that you often don’t even realise you have are another habit that can cost you a lot of money. From streaming services to digital magazines, to fitness apps – if we don’t keep an eye on these regular payments, they can quickly turn into a big financial burden. 2. Travel costs and transport In everyday life in particular, there are many small costs for transport, be it petrol costs, parking fees or public transport. If you regularly use the car to travel short distances, this is one of the biggest sources of expenditure in the long term. Maybe walk or cycle instead? 3. Unplanned purchases for the household Household purchases are often the result of spontaneous, unplanned decisions. Whether it’s a new kitchen utensil or a new technology gadget – these purchases are often unnecessary and put a strain on the budget without us realising it. A conscious approach to money is important We live in a society in which the temptations of shopping are omnipresent: Advertising, special offers, discounts and easy access to online shops can easily influence us. Conscious action enables us to distinguish between real needs and momentary desires and avoid impulsive purchases that could jeopardise our financial well-being. A conscious approach to our finances means that we know exactly how much we earn, how much we spend and where our money goes. This not only helps with saving but also with planning long-term financial goals. To develop more mindfulness with your finances, you can try the following strategies: Budgeting: Create an effective budget to manage your finances and achieve your financial goals. One option is the 50/30/20 rule, where you budget 50% of your income for basic needs and fixed costs, 30% for personal expenses and 20% for savings. Find out more about the family budget here. Track your spending: Make a note of every franc you spend, how much you spend and, if possible, why you made that purchase. Was it a necessity or an impulse purchase? Check your account balance regularly: Every time you make a purchase, the Clanq app will tell you your exact balance and keep you up to date. This way, you become more aware of your spending habits and are less likely to lose track. Conclusion: Control and monitor your spending It’s not uncommon to be surprised by your spending at the end of the month. But the way to change this starts with better awareness and control of your own finances. By being aware of where the money is going and making small changes to our habits, we can regain control and stop being surprised at the end of the month and be proud of our financial decisions. Der Beitrag Conscious money management erschien zuerst auf Clanq.