Why open kids savings accounts?

<p>Reasons why you may want your child to have a savings account:</p><ul><li>Teach them about saving money from income they earn, aka, allowances, chores, part-time jobs, etc.</li><li>Teach them how banking works (deposit checks, take cash out ATM machine, check balances online, etc.)</li><li>Teach them the basics of how money works. How much interest they can earn, etc.</li><li>Set specific goals for savings: buy a video game, a new electronic device etc.</li></ul><p> </p><p> </p><p>EPISODE SPONSORS</p><p>Money Flow System - <a href="https://money-flowsystem.com/optin27480464">Download Free Money Flow Playbook and start automating your finances. </a></p><p> </p><p>SUBSCRIBE & SHARE</p><p>Want to be the first to know when new episodes are released? </p><p><a href="https://podcasts.apple.com/us/podcast/money-boss/id1528660889">Click here to subscribe in iTunes!  </a>IT’S FREE!</p><p> </p><p>LET’S GET SOCIAL</p><p>Anna  on <a href="https://www.facebook.com/anna.sergunina.9">Facebook</a></p><p>Anna on </p><p><a href="https://www.instagram.com/anna8sergunina/">Instagram</a></p>