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Finance Tip of the Day

How Early Should You Open a Bank Account for Your Child?

  • 2016 19 Jul
  • COMMENTS
How Early Should You Open a Bank Account for Your Child?

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How Early Should You Open a Bank Account for Your Child?

74% of US parents either have already or plan to open a savings account for their children. What’s more interesting is that 44% of those parents are opening those accounts before their children turn 5!

If you have young children, remember it’s never too early to start them on a path to sound money management. Opening up a bank account can help them develop a habit of saving early on.

Today's tip brought to you by Mvelopes and Money4Life Coaching.


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