financial tips for parents helping young investors
Developing a comfortable relationship with a bank when your child is young will help your son or daughter understand the importance of managing money when he or she is old enough to open accounts or apply for loans.
Quick Tips
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Give your child a piggy bank and help them save money for something special. When they have some saved, take it to the bank and see how much they have. Deposit this money into a savings account so they can continue saving and earning interest on their money.
Give your child an allowance and teach them about money like Mama and Papa Berenstain do in DOLLAR$ AND $EN$E. To receive a free copy of The Berenstain Bears DOLLAR$ AND $EN$E book, open a Univest Bear Country Savings Account.
Another method of helping children manage their allowance is by giving them three jars. One jar is for saving, one jar is for spending and one jar is for charity.
This helps children understand the importance of saving, spending wisely and helping others in need.
Start a college savings plan like a 529 or a Roth IRA for your child. It is never too early to plan for the future.
Take your child to the bank and talk to them about your banking.
The Money Talks Newsletter also offers other helpful information to help parents teach their young children, teens, or young adults about the importance of managing money.