Proper money management is a key for reaching financial success and it’s never too early to start teaching your children positive money habits. Setting good examples and teaching age-appropriate lessons related to money including spending, saving, and giving will help raise financially fit children and prepare them for a successful financial future.

Money Basics for Young Children

• Teach them the difference between wants and needs
• Help your child explore different ways to earn money, such as allowance for chores
• Teach core math basics with money, showing your child how different forms of currency add up to the same amount of money

Money Basics for Middle Years / Teenagers

• Have them contribute to large purchases
• Teach them the value of money and how people commit their time to work for it - offer your child the ability to earn money or help them find a job when able
• Give your child spending choices, such as choosing between the movies or dining out

A great place to start with money management is to open a Savings Account. Check out the benefits of a Child's Savings or Youth Account! Reach out to us at 844-517-3611 or via Live Chat to Apply Today!