Family

With the replacement of the physical Token by the LuxTrust Mobile application, borrowing the Token from your parents or any other person to make their payments or bank transactions is no longer possible. It is simply not legal. Using someone else's Token, even with their consent, is comparable to borrowing an identity card, which is strictly forbidden. Payments can still be made, but in a more secure and legal way. We give you some advice on how to do this in this article.

For her internship at the end of her university degree, Sophie had the opportunity to spend six months in the US. She had a great time, and was able to experience Halloween the way it’s supposed to be, just like she’d seen in the movies. It’s traditional in America for the streets to transform into rows of haunted houses, each more elaborately decorated than the next, and for residents to dress up as all kinds of different characters. This year, to mark the occasion of Shauna’s arrival in Luxembourg, Sophie is planning to invite her to a US-style Halloween.

According to recent studies, a great deal of children grow up not knowing how money is earned or managed. In their daily adult life, a lack of financial skills can lead to unnecessary stress that is entirely preventable. Teaching money skills to your children is as important as learning to read and write or brushing their teeth. We talked to Dr Mara Catherine Harvey, CEO of VP Bank (Switzerland) Ltd and Head Region Europe, and founder of SmartWayToStart.com, about pocket money and embarking on your financial parenting journey. Happy Reading!

During the week of 18 to 22 March 2024, Fondation ABBL pour l’éducation financière (ABBL Foundation for Financial Education) is organising the 10th Woch vun de Suen (Money Week) for pupils in cycle 4 (aged 10 to 12) in primary schools in Luxembourg, with the aim of developing a better understanding of the value of money and the importance of knowing how to manage a budget through a fun activity. Angèle Schmitz, staff member of the Marketing business unit at Spuerkeess, has been our in-house coordinator since the beginning of this initiative. Find out more about this initiative, which is one of many activities focusing on financial education in Luxembourg.

One of the realities of the last two years is that the cost of living is constantly on the increase. Heating, food and rising interest rates mean that many families are having to cope with a tighter family budget. Talking to your children about the cost of living can be tricky, but it's an important subject when it comes to preparing them to manage their finances in the future. We spoke to Tahereh Pazouki, Founder of Magrid Learning Solutions, on how to explain the cost of life to your children. Happy reading!

In June 2012, the OECD Council defined financial literacy as “a combination of awareness, knowledge, skill, attitude and behaviour necessary to make sound financial decisions and ultimately achieve individual financial well-being”.The subject is important and of concern to us all.. Among other things, acquiring financial skills enables people to better understand the economic and financial world, make informed decisions and better manage risks. We spoke to Jessica Thyrion, Financial Education Advisor with the ABBL Foundation, about the role of financial education in Luxembourg.

Your child is about to turn 18 - it’s hard to believe he is an adult now! It seems like just yesterday that you held him in your arms for the first time, but that already was 18 years ago. Time really does fly! The only thing that matters for him at the moment is to pass his driving licence and buy his first car.

Mum can already feel the first kicks in her tummy and Dad is eager to know the baby's sex, while Grandma cannot wait to spoil the baby and Grandpa is bursting with pride. As you may have guessed, the family is preparing for a happy event this summer. That means the young, future parents are overwhelmed with questions to which they need answers so that they can make the necessary preparations.

"It’s a fact that most of our customers open a savings account for their children at birth. And being a young father myself, I perfectly understand that this is very convenient to do so, in order to permit family and friends to easily put some money on it at any occasion. The first months with a baby are indeed not the best ones to think about finance. However, let me explain why they are actually the right ones to choose an alternative, smarter way of saving money."

When you become a parent, you worry about the well-being of your children. This is also true for their finances! By putting away a sum you are giving them an easier and more sure-footed start in life. There are different options to prepare their future and help them finance their studies or their first home. Savings account, insurance product or housing savings scheme: here’s just a few ideas to help you make the right choice according to your child’s age.

Miles, miles and miles! With her Miles & More Luxair Visa card, Sophie accumulates "miles" and "more" by shopping, refilling her gas tank, etc. Now, whenever she makes the smallest purchase, she can’t help listing the holiday destinations she must add to her bucket list. But before she starts accumulating miles and converting them into trips, Sophie wants to understand the benefits of her new credit card.

Do you find yourself brooding about your financial situation and not achieving your goals for saving and investing for your future? Making a financial plan can have a positive impact on your well-being. But how do you set a budget and stick to the plan? Discover our tips for becoming more Zen about your finances.

You can't think about School Savings Day ("Fêtes de l'Epargne Scolaire") without also remembering the "Spuerbéchs"! Most of us still remember this special day in primary school, where we received our very first piggy bank from Spuerkeess. School Savings Day and the famous piggy banks are closely linked and represent the first occasion for children to learn about saving money.

We all need a financial literacy. Teaching children the basics about how money works, its value and why to save it can spare them so much hassle as adults.

Having your first baby is a big change for a couple and it’s best to be prepared. Besides buying baby gear, decorating the nursery, choosing a name, and organising a baby shower, there is also the administrative side to think about – including opening your baby’s first bank account.

Like every year at this time, the race for Christmas presents is on. In exactly three weeks, dozens of gifts will be piled up at the foot of Sophie and Marc's Christmas tree that will delight their little Lily, but Sophie has been fed up with this unnecessary waste for years.

Sophie and Marc are delighted to announce the birth of their daughter Lily! While the couple is on cloud nine, they already have quite a few questions about their child’s financial future. How can we save for our children? What are the best investments to make right away?

Let’s face it; once we have left school, most things we learned about maths or languages are lost if we don’t use these matters in our every day life. This can become tricky later on, once your own child is struggling with one of these topics, up to the point that you wish somebody else was helping your kid with its homework (probably saving you lots of time and nerves).

Isn’t love wonderful! We fall in love and enter into a civil partnership but what happens if one of the partners dies? Here’s all you need to know!

It’s difficult to know how much pocket money to give to children. But one thing is for sure: managing a budget will help them learn the value of money and teach them to appreciate it more.

Dear readers, Sophie and Marc have reached an important milestone: our favourite couple are expecting a baby! Becoming parents brings with it a lot of joy, but also new challenges and compromises. The first one is finding the right car!

Who inherits what? Understand how intestate succession works!

One fine summer day, Sophie and Marc met in the hallway of the company they worked in. Their eyes met and very quickly, their friendship turned into love... Today, the young couple decided to take it to the next level by registering a civil union. However, what are the actual benefits of the civil union?

Sophie's niece Emma is too old now for the traditional Easter egg hunt. Instead, she prefers reading her anatomy books because one day, she wants to be a doctor! This year, the Easter bunny will be bringing her chocolate but also another, extra special gift to help her realise her big dream.