{"id":3374,"date":"2026-06-05T07:02:32","date_gmt":"2026-06-05T07:02:32","guid":{"rendered":"https:\/\/joseselles.com\/how-to-save-for-your-childrens-education-step-by-step-plan\/"},"modified":"2026-06-05T16:25:45","modified_gmt":"2026-06-05T16:25:45","slug":"how-to-save-for-your-childrens-education-step-by-step-plan","status":"publish","type":"post","link":"https:\/\/joseselles.com\/en\/how-to-save-for-your-childrens-education-step-by-step-plan\/","title":{"rendered":"How to save for your children&#8217;s education: step-by-step plan"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3374\" class=\"elementor elementor-3374 elementor-3271\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5defd18b e-flex e-con-boxed e-con e-parent\" data-id=\"5defd18b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4e9aff32 elementor-widget elementor-widget-text-editor\" data-id=\"4e9aff32\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\n<p><\/p>\n\n\n<p><script type=\"application\/ld+json\"><br\/>\n{<br\/>\n  \"@context\": \"https:\/\/schema.org\",<br\/>\n  \"@type\": \"FAQPage\",<br\/>\n  \"mainEntity\": [<br\/>\n    {<br\/>\n      \"@type\": \"Question\",<br\/>\n      \"name\": \"\u00bfCu\u00e1nto deber\u00eda ahorrar al mes para pagar la universidad de mi hijo en Mallorca?\",<br\/>\n      \"acceptedAnswer\": {<br\/>\n        \"@type\": \"Answer\",<br\/>\n        \"text\": \"Si empiezas desde el nacimiento, entre 100 y 150 euros al mes suelen bastar para cubrir una carrera con estancia fuera de la isla, contando con una rentabilidad moderada a largo plazo. Si empiezas m\u00e1s tarde, la cifra sube proporcionalmente. Lo recomendable es fijar primero el objetivo (matr\u00edcula m\u00e1s alojamiento estimado) y calcular la aportaci\u00f3n mensual hacia atr\u00e1s desde la edad actual del hijo.\"<br\/>\n      }<br\/>\n    },<br\/>\n    {<br\/>\n      \"@type\": \"Question\",<br\/>\n      \"name\": \"\u00bfEs mejor un seguro de ahorro o un fondo de inversi\u00f3n para los estudios de los hijos?\",<br\/>\n      \"acceptedAnswer\": {<br\/>\n        \"@type\": \"Answer\",<br\/>\n        \"text\": \"Depende del plazo y de tu tolerancia al riesgo. Para horizontes largos, un fondo conservador o mixto suele ofrecer m\u00e1s rentabilidad. Un seguro de ahorro aporta disciplina y previsibilidad, con aportaciones peri\u00f3dicas y un objetivo claro. Muchas familias combinan ambos: el fondo para hacer crecer el capital los primeros a\u00f1os y un producto m\u00e1s seguro cuando se acerca la fecha de la universidad.\"<br\/>\n      }<br\/>\n    },<br\/>\n    {<br\/>\n      \"@type\": \"Question\",<br\/>\n      \"name\": \"\u00bfQu\u00e9 pasa con el dinero ahorrado si mi hijo finalmente no va a la universidad?\",<br\/>\n      \"acceptedAnswer\": {<br\/>\n        \"@type\": \"Answer\",<br\/>\n        \"text\": \"El ahorro no se pierde: sigue siendo tuyo y puedes destinarlo a otra cosa. Si tu hijo decide hacer formaci\u00f3n profesional, montar un negocio o estudiar en el extranjero, el capital acumulado le sirve igual. Por eso conviene usar productos flexibles que permitan rescatar o reorientar el dinero sin grandes penalizaciones, en lugar de instrumentos demasiado r\u00edgidos atados a un \u00fanico fin.\"<br\/>\n      }<br\/>\n    },<br\/>\n    {<br\/>\n      \"@type\": \"Question\",<br\/>\n      \"name\": \"\u00bfConviene poner el ahorro a nombre del hijo o de los padres?\",<br\/>\n      \"acceptedAnswer\": {<br\/>\n        \"@type\": \"Answer\",<br\/>\n        \"text\": \"En general es m\u00e1s pr\u00e1ctico mantenerlo a nombre de los padres mientras el hijo es menor, por control y por flexibilidad. Poner activos a nombre del menor puede tener implicaciones fiscales y de disponibilidad. Si el objetivo incluye transmitir patrimonio, conviene analizar la fiscalidad de donaciones en Baleares antes de decidir la titularidad, porque la comunidad tiene un trato muy favorable que merece la pena aprovechar bien.\"<br\/>\n      }<br\/>\n    }<br\/>\n  ]<br\/>\n}<br\/>\n<\/script><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-64c75a04 e-flex e-con-boxed e-con e-parent\" data-id=\"64c75a04\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7bbaec2e elementor-widget elementor-widget-text-editor\" data-id=\"7bbaec2e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\n<p><\/p>\n\n\n\n<p><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2bf90c30 e-con-full e-flex e-con e-parent\" data-id=\"2bf90c30\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c660878 elementor-widget elementor-widget-heading\" data-id=\"c660878\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">How to Save for Your Children's Education: A Step-by-Step Plan<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6c6655f5 elementor-widget elementor-widget-image\" data-id=\"6c6655f5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/joseselles.com\/wp-content\/uploads\/2026\/06\/como-ahorrar-para-los-estudios-de-tus-hijos-1024x683.jpg\" class=\"attachment-large size-large wp-image-3321\" alt=\"Ahorrar para los estudios de los hijos \u2014 gu\u00eda de Jos\u00e9 Sell\u00e9s, Mallorca\" srcset=\"https:\/\/joseselles.com\/wp-content\/uploads\/2026\/06\/como-ahorrar-para-los-estudios-de-tus-hijos-1024x683.jpg 1024w, https:\/\/joseselles.com\/wp-content\/uploads\/2026\/06\/como-ahorrar-para-los-estudios-de-tus-hijos-300x200.jpg 300w, https:\/\/joseselles.com\/wp-content\/uploads\/2026\/06\/como-ahorrar-para-los-estudios-de-tus-hijos-768x512.jpg 768w, https:\/\/joseselles.com\/wp-content\/uploads\/2026\/06\/como-ahorrar-para-los-estudios-de-tus-hijos.jpg 1200w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3a86c4a8 elementor-widget elementor-widget-text-editor\" data-id=\"3a86c4a8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">Saving for your children&#8217;s studies is about starting early and steadily so that compound interest does the heavy lifting. In 2026, a full public degree in Spain costs between \u20ac3,000 and \u20ac8,000 in tuition fees, and a private one between \u20ac5,500 and \u20ac20,000 a year; if the child studies outside Mallorca, accommodation can exceed \u20ac6,000 a year. By contributing about 100-150 euros per month from birth, with a long-term savings product, you can get there comfortably. The later you start, the more you will have to save each month.   <\/span><\/p><p><span style=\"color: #000000;\">When a child is born, university seems far away. And suddenly he\/she is 17 years old, wants to study in Barcelona or Valencia and you start to think about it. I tell you how to plan it from Mallorca without stress, with real data from 2026 and without selling you any miracle product. Because saving for your children&#8217;s studies is not about finding the perfect investment: it is about starting early and being constant.   <\/span><\/p><h2 class=\"wp-block-heading\"><span style=\"color: #000000;\">How much does it cost to study for a university degree in Spain in 2026?<\/span><\/h2><p><span style=\"color: #000000;\">Studying for a degree in Spain in 2026 will cost between 3,000 and 8,000 euros for full tuition at a public university, and considerably more if it is private or if the student lives away from home. The range is wide because it depends on the community, the type of studies and, above all, whether accommodation has to be paid for. <\/span><\/p><figure class=\"wp-block-table\"><table><thead><tr><th><span style=\"color: #000000;\">Concept<\/span><\/th><th><span style=\"color: #000000;\">Approximate cost 2026<\/span><\/th><\/tr><\/thead><tbody><tr><td><span style=\"color: #000000;\">Public grade tuition (full)<\/span><\/td><td><span style=\"color: #000000;\">3.000 &#8211; 8.000 \u20ac<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\">Private university tuition (annual)<\/span><\/td><td><span style=\"color: #000000;\">5.500 &#8211; 20.000 \u20ac<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\">Room for rent<\/span><\/td><td><span style=\"color: #000000;\">350 &#8211; 700 \u20ac\/month<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\">Materials and books<\/span><\/td><td><span style=\"color: #000000;\">300 &#8211; 800 \u20ac\/year<\/span><\/td><\/tr><tr><td><span style=\"color: #000000;\">Lodging + meals outside (annual)<\/span><\/td><td><span style=\"color: #000000;\">from 6.000 \u20ac.<\/span><\/td><\/tr><\/tbody><\/table><\/figure><p><span style=\"color: #000000;\">For a family in Mallorca, the item that almost never weighs the most is the tuition: it is the cost of sending the child to study abroad. According to <a style=\"color: #000000;\" href=\"https:\/\/www.universidades.gob.es\/\" target=\"_blank\" rel=\"noopener\">the public prices regulated by the Ministry of Universities<\/a>, the fees are affordable, but a four-year degree living in the peninsula can go over 30,000 euros all together. <\/span><\/p><h2 class=\"wp-block-heading\"><span style=\"color: #000000;\">How much do I need to save per month for my children&#8217;s college?<\/span><\/h2><p><span style=\"color: #000000;\">It depends on when you start. If you start from birth, with about 100-150 euros per month and a moderate average return, in 18 years you accumulate enough to cover a career with a stay abroad. If you start when the child is 10 years old, that figure shoots up to 300-400 euros per month to reach the same.  <\/span><\/p><p><span style=\"color: #000000;\">Why so much difference? Compound interest. The money you contribute soon has years to generate returns, and those returns in turn generate more returns. It&#8217;s the most powerful tool you have, and it only works with time. That&#8217;s why the best decision is not to choose the perfect product: it&#8217;s to <strong>start as soon as possible<\/strong>, even if it&#8217;s with little.    <\/span><\/p><h2 class=\"wp-block-heading\"><span style=\"color: #000000;\">What products can I use to save for my children&#8217;s education?<\/span><\/h2><p><span style=\"color: #000000;\">There is no single product: the reasonable thing to do is to combine security and profitability according to the remaining years. When the horizon is long (more than 8-10 years) you can assume a little more risk; when the date approaches, it is advisable to protect the accumulated. <\/span><\/p><ol class=\"wp-block-list\"><li><span style=\"color: #000000;\">Savings account: full liquidity and security, but low profitability. Useful for immediate cushion. <\/span><\/li><li><span style=\"color: #000000;\">Fixed-term deposit: slightly higher yield if you already have an initial capital.<\/span><\/li><li><span style=\"color: #000000;\">Conservative or mixed investment funds: for the long term, they seek to beat inflation with controlled risk. You can find more information on the <a style=\"color: #000000;\" href=\"https:\/\/www.cnmv.es\/portal\/inversor\/index.aspx\" target=\"_blank\" rel=\"noopener\">CNMV investor portal<\/a>. <\/span><\/li><li><span style=\"color: #000000;\">Savings insurance and PIAS: periodic contributions with a target and, in some cases, tax advantages if maintained over the long term.<\/span><\/li><\/ol><p><span style=\"color: #000000;\">The key is to reduce risk as you get closer to paying for college. You don&#8217;t want a market crash the year before tuition to eat into your savings. This is just what I work on in <a style=\"color: #000000;\" href=\"https:\/\/joseselles.com\/en\/family-wealth-planning-2\/\">family wealth planning<\/a>: tailoring the product to the term and profile of each family.  <\/span><\/p><h2 class=\"wp-block-heading\"><span style=\"color: #000000;\">When should I start saving for my children&#8217;s education?<\/span><\/h2><p><span style=\"color: #000000;\">As soon as possible, without exception. Starting the year your child is born is ideal, because you have 18 years ahead of you for compound interest to multiply each euro. But if your child is already 8 or 10 years old, it is not too late: you will simply have to contribute more each month and be more prudent with the risk, because there is less margin to recover from market fluctuations.  <\/span><\/p><p><span style=\"color: #000000;\">The important thing is consistency. An automatic monthly savings -that comes out of the account without you having to think about it- yields much more than large but sporadic contributions. Discipline trumps quantity. If you find it hard to keep the habit, automating it solves it: I explain <a style=\"color: #000000;\" href=\"https:\/\/joseselles.com\/en\/why-automating-your-savings-can-change-your-life\/\">why automating your savings can change your life<\/a>.   <\/span><\/p><h2 class=\"wp-block-heading\"><span style=\"color: #000000;\">Why in Mallorca is it convenient to count on the cost of studying outside the island?<\/span><\/h2><p><span style=\"color: #000000;\">Because the university offer in Mallorca is limited. The University of the Balearic Islands covers many degrees, but not all of them: medicine with very limited places, certain engineering, architecture or some double degrees push many young people to the mainland. And there the budget changes scale.  <\/span><\/p><p><span style=\"color: #000000;\">A family from Palma whose child wants to study a degree that is not taught at the <a style=\"color: #000000;\" href=\"https:\/\/www.uib.es\/\" target=\"_blank\" rel=\"noopener\">UIB<\/a> has to add flights, a room in another city and maintenance. We are talking about several thousand euros a year extra. Planning with a margin prevents the child&#8217;s academic decision from depending on whether there is money that year or not. That&#8217;s the difference between having a plan and improvising.   <\/span><\/p><div class=\"seo-faq\"><h2 class=\"wp-block-heading\"><span style=\"color: #000000;\">Frequently asked questions about saving for your children&#8217;s education<\/span><\/h2><h3 class=\"wp-block-heading\"><span style=\"color: #000000;\">How much should I save per month to pay for my child&#8217;s college education in Mallorca?<\/span><\/h3><p><span style=\"color: #000000;\">If you start from birth, between 100 and 150 euros per month is usually enough to cover a career with a stay outside the island, with a moderate return in the long term. If you start later, the figure rises proportionally. It is advisable to first set the target (tuition plus estimated accommodation) and calculate the monthly contribution backwards from the current age of the child.  <\/span><\/p><h3 class=\"wp-block-heading\"><span style=\"color: #000000;\">Is a savings insurance or an investment fund for children&#8217;s education better?<\/span><\/h3><p><span style=\"color: #000000;\">It depends on the term and your risk tolerance. For long horizons, a conservative or mixed fund usually offers higher returns. Savings insurance provides discipline and predictability, with regular contributions and a clear objective. Many families combine both: the fund to grow capital in the early years and a safer product when college approaches.   <\/span><\/p><h3 class=\"wp-block-heading\"><span style=\"color: #000000;\">What happens to the money saved if my child ultimately does not go to college?<\/span><\/h3><p><span style=\"color: #000000;\">Savings are not lost: they remain yours and you can use them for something else. If your child decides to do vocational training, start a business or study abroad, the accumulated capital is of no use to him or her. That is why it is better to use flexible products that allow you to redeem or redirect the money without major penalties, rather than instruments that are too rigidly tied to a single purpose.  <\/span><\/p><h3 class=\"wp-block-heading\"><span style=\"color: #000000;\">Should the savings be put in the child&#8217;s name or in the parents&#8217; name?<\/span><\/h3><p><span style=\"color: #000000;\">In general, it is more practical to keep it in the parents&#8217; name while the child is a minor, for control and flexibility. Putting assets in the name of the minor may have tax and availability implications. If the objective includes passing on assets, it is advisable to analyze the taxation of donations in the Balearic Islands before deciding on the ownership, because the community has a very favorable treatment that is worth taking advantage of.  <\/span><\/p><\/div><h2 class=\"wp-block-heading\"><span style=\"color: #000000;\">When NOT to use a rigid savings plan for studies<\/span><\/h2><p><span style=\"color: #000000;\">A student savings plan is not the best idea if:<\/span><\/p><ul class=\"wp-block-list\"><li><span style=\"color: #000000;\">You don&#8217;t have an emergency fund yet: protect the day-to-day contingencies first.<\/span><\/li><li><span style=\"color: #000000;\">You carry expensive debts: paying them off yields more than any long-term savings.<\/span><\/li><li><span style=\"color: #000000;\">The product binds you with high penalties and you will not be able to touch the money in an emergency.<\/span><\/li><li><span style=\"color: #000000;\">There are only a few years left and only risky products are on the table: close to the date, prioritize safety.<\/span><\/li><\/ul><h2 class=\"wp-block-heading\"><span style=\"color: #000000;\">Plan your children&#8217;s future wisely<\/span><\/h2><p><span style=\"color: #000000;\">Saving for your children&#8217;s studies is one of the financial goals that gives you the most peace of mind when it is well planned. As a <a style=\"color: #000000;\" href=\"https:\/\/joseselles.com\/en\/family-wealth-planning-2\/\">family financial planning advisor in Mallorca<\/a>, I help you to calculate how much you need, to choose the products according to the term and to adjust the plan every year. The first consultation is free and without obligation. Call me at <strong>660 845 921<\/strong> and we will set up your children&#8217;s plan.   <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>How to Save for Your Children&#8217;s Education: A Step-by-Step Plan Saving for your children&#8217;s studies is about starting early and steadily so that compound interest does the heavy lifting. In 2026, a full public degree in Spain costs between \u20ac3,000 and \u20ac8,000 in tuition fees, and a private one between \u20ac5,500 and \u20ac20,000 a year; [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3321,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":"","_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"","_yoast_wpseo_focuskw":"","_yoast_wpseo_canonical":"","_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_opengraph-title":"","_yoast_wpseo_opengraph-description":"","_yoast_wpseo_twitter-title":"","_yoast_wpseo_twitter-description":""},"categories":[25],"tags":[],"class_list":["post-3374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/joseselles.com\/en\/wp-json\/wp\/v2\/posts\/3374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/joseselles.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/joseselles.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/joseselles.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/joseselles.com\/en\/wp-json\/wp\/v2\/comments?post=3374"}],"version-history":[{"count":1,"href":"https:\/\/joseselles.com\/en\/wp-json\/wp\/v2\/posts\/3374\/revisions"}],"predecessor-version":[{"id":3375,"href":"https:\/\/joseselles.com\/en\/wp-json\/wp\/v2\/posts\/3374\/revisions\/3375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/joseselles.com\/en\/wp-json\/wp\/v2\/media\/3321"}],"wp:attachment":[{"href":"https:\/\/joseselles.com\/en\/wp-json\/wp\/v2\/media?parent=3374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/joseselles.com\/en\/wp-json\/wp\/v2\/categories?post=3374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/joseselles.com\/en\/wp-json\/wp\/v2\/tags?post=3374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}