Teaching Children How to Save Money At a Young Age

There are so many financial tips out there to help educate us and our children. Something we have always found important is teaching children how to save at a very young age. 

The first and easiest way for children involved with money and learning about savings is a piggy bank. When children are very young and receive monetary gifts, piggy banks are a fun and easy visual way to encourage savings. 

A Youth Savings Account is another great option to introduce children to real life banking and savings. As a child grows, they can bring their allowances or monetary gifts from their piggy banks to the real bank. 

Not only is this a great tool to learn about savings, but this gives them the confidence that they can do it. They feel independent and proud of their accomplishments and so do we.

A Youth Savings Account isn’t just about saving money, it’s about learning the wants versus the needs, setting monetary goals and responsibilities and setting themselves up for a strong financial future.

We encourage all parents to start teaching their children about saving money and opening up a bank account to help educate them and grow. It’s never too late or early to start!

Visit our Youth Savings page for more information!