Notice: In observance of Indigenous Peoples Day, all SBSI locations will be closed Monday, October 14th, 2024. Normal business hours will resume Tuesday, October 15th, 2024.

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! 

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