How Early Should You Open a Bank Account for Your Child?
- Published Oct 02, 2018
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.
