Courtesy of www.FeedthePig.org

Back to School And Back to Saving

With school starting, now is a good time to introduce your child to the benefits of saving. Here are some tips to help teach young children the importance of smart money habits:

Let your child set their own savings goals. Encourage your child to
divide up their money: some to put toward their goal, some
for charity and some to spend right away.

Offering them an allowance gives them their first taste of financial freedom. Experts recommend 50 cents to a dollar for each year of age.

Opening a bank account is a good way to introduce children to the concept of saving.