STUDENT FEEDBACK

Savings AccountsFor Kids

The Value of

. . .TO BEGIN TEACHING YOUR CHILD THE VALUE OF SAVINGMONEY AND BUILDING FINANCIAL SECURITY. WHETHER YOUWISH TO START SAVING MONEY FOR THEM BEFORE THEY’REBORN, OR YOU DECIDE TO WAIT UNTIL YOUR CHILD ENTERSGRADE SCHOOL AND UNDERSTANDS BASIC MATHEMATICALAND MONEY CONCEPTS, IT ’S IMPORTANT TO STARTTEACHING THESE VITAL LIFE SKILLS THAT WILL BENEFIT THEMTHEIR ENTIRE LIVES.

IT'S NEVER TOO EARLY...

HOW TO START

First, decide exactlyhow and when

you’d like to createa savings account

for your child.

Shop around forbanks in the areaand ask about the

benefits andrequirements for

each account.Compare the

various options tomake your

informed decision.

INVEST SLOWLYWHILE YOU MAY BE TEMPTED TO GIVE YOUR CHILD ORGRANDKIDS CASH FOR THEIR BIRTHDAYS OR FORHOLIDAYS, DON’T FORGET ABOUT THE OTHER OPTION.SEND A CHECK AND MAKE A VISIT TO THE BANK TOGETHERTO DEPOSIT IT.

BY INTRODUCING THE ACT OF SAVING AND DEPOSITINGMONEY FROM AN EARLY AGE, YOUR CHILD WILL BE MOREINCLINED TO FOLLOW SUIT WHEN THEY’RE OLDER.

NO MATTER HOW MUCH MONEY IS INITIALLYPLACED IN THE ACCOUNT OR HOW MUCH YOUR

CHILD DECIDES TO PUT IN OVER TIME, IT WILL BUILDUP INTEREST. EVEN A LITTLE AT A TIME ISINCREDIBLY BENEFICIAL. AS MENTIONED

PREVIOUSLY, THIS MONEY CAN BE USED AS A FUNDFOR COLLEGE.

THE RESULTS?

FOCUS ON THE TOOLKEEP IN MIND THAT LIKE ALL THINGS IN LIFE, YOU’LL BE TEACHINGYOUR CHILD AN INVALUABLE TOOL. ENCOURAGE YOUR CHILD TO

SAVE UP FOR NEW TOYS OR THOSE EXTRA BACK-TO-SCHOOLSNEAKERS THAT THEY JUST MUST HAVE.

DON’T FORGET TO OFFER INCENTIVES! WHY NOT OFFER TO MATCHA CERTAIN AMOUNT OF MONEY ONCE THEY REACH A SAVINGSGOAL OR TEACH THEM ABOUT INVESTMENTS TO INCREASE THE

MONEY THEY’RE SAVING. WHILE FINANCIAL LITERACY MAY SEEMLIKE A DRY SUBJECT, YOU’LL BE SURPRISED AT THE INSIGHTFUL

AND INFORMATIVE CONVERSATIONS THAT FOLLOW!