Get Kids Started Right
We often hear that our children are our greatest asset, the door to the future. How can we help them build confidence in their financial future?
One good answer is a savings account. By encouraging regular savings you prepare your kids to meet the demands of an increasingly complex financial world. A regular savings program helps both teenagers and younger children understand the basics of personal finance and the importance of building sound money management habits. It demonstrates the power of savings to help youngsters reach their goals. It prepares them for the day when they'll manage their own money.
Even very young children can grasp the fundamentals of saving, and become excited about having their very own savings program. As they grow and acquire allowances, after-school jobs, and other income sources, children can see those savings add up--and their pride and independence grow, too.
Perhaps the most important reason to start saving early and regularly is that saving helps young people develop the skills they'll need to be intelligent credit consumers.
So don't wait. Help your children open savings accounts and encourage them to add to them each week or month.
Remember, it's not the amount of the deposit that counts: It's establishing sound, lifelong financial habits that will make more complex financial transactions later on easier, and more comfortable. Talk to us today to start your kids on the road to confident money management.