Financial Education for Youth

1 Set the Stage

As your children become interested in money through an allowance or a birthday check from Grandma, start teaching them how to handle it wisely.  Open Youth Saving and Checking  accounts to help them start. 

2 Make Financial Goals

Set savings goals with your children and discuss the best ways to achieve them.  Is there a new toy they want?  Teach them how long will it take to save up enough allowance to make the purchase.


3 Teach Smart Spending

As their savings grow, start instilling responsible consumer  behavior in your children.  Help them avoid impulse buying and demonstrate how to compare items based on price and quality.