Account checking teach teen

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When it comes to preparing your teens to open their first checking account, here are a few tips to help them manage and keep them engaged:.You may have opened a savings account for your children as a way to sock away money for college or to teach them about investing.My parents had me open my first checking account when I was around 13 or You have a busy life and probably don't want the hassle of listening to your fussy kid pestering you for money all the time.Start your child on the right financial path.

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Giving your teen a first-hand experience with banking is a great way for them to learn about financial responsibility.

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This is not just banking; this is a plan that parents have begun to adapt to equip their children with a financial background before they need it.But even without many expenses, a checking account at this stage can teach them basic money management principles.Part of being a parent is providing our children with the financial knowledge and experience that will help them succeed in life.

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