Project Description

Money Smart Youth Topic

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Save to Spend

Save Money to purchase what you want!

There are many things that you may want; an I-pad, cell phone, gaming system, clothes and much more. How will you pay for these items is the first step is having money.


Ways to Get Money:       Where to Save Money:

-Work                                                        -Old stinky Sock

-Start a small business                             -Under the Mattress

-Allowance                                                -Burred in a treasure chest in the back yard

-Birthday Money                                       -Mom and Dad hold on to it for you

-Holiday Money                                        -Savings Account


How to Open a Savings Account:

-Talk to a parent, grandparent or trusted adult

-Research the best savings account for you

-Walk into the financial institution and ask questions

Please note that many financial institutions have free savings account options for youth. Please double-check to insure there are no fees for the account you are wanting to open.

Understand Your Options

To find the best savings account for kids, you will want to look at local banks or credit unions to find custodial account options. You need to analyze the fees and benefits of any savings account you want to open.

Complete overview of custodial (youth) bank accounts.

Additional Resources:

It is great to learn about money at a very young age! Did you know that according the University of Kansas Center for Assets, Education and Inclusion, young adults who have savings accounts as children, are two times more likely to have checking accounts, three times more likely to hold Certificates of Deposit and four times more likely to own stock. They accumulate $1,900 more in savings and $5,025 more in financial assets.

Ways to learn about Money

  • Walk into a bank or credit union, ask a lot of questions, and open a savings account
  • Play money games
  • Read all the information on this website
  • Play more money games
  • Participate in a financial education class or activity
  • Play some more games
  • Visit the Federal Reserve of Kansas City Money Museum

There are experts from the community that can come into your classroom and teach financial education. Encourage your teacher to learn more about the programs below.

Grades 1-3

Grades 4-6

Plan a visit the Money Museum at the Federal Reserve Bank of Kansas City!

Getting The Lowest Price

There are usually only a couple ways to purchase an item. You either go to a store and purchase items or purchase online from a computer, phone or other device.
You need to know:
1. The lowest price offered online (this must include shipping costs).
2. The lowest price offered in stores.

Finding The Lowest Price

These websites usually list the best in-store price and online price:

Using The Bar Code To Compare Prices

Another way to instantly find the best price is to use a bar code scanner on apps such as Shopsavvy and Redlaser. All you do is zap the barcode and you will know the best price for the product in your area!

Price Matching

Many stores will match a competing stores price. Some stores will even match online pricing. Learn some basics about price matching by reviewing these resources; stores that price match and how they compare19 Stores that will match Walmart, and understanding Black Friday price match.

Coupons & Discount Codes

Now that you know the best price, you need to see if there are additional coupons or discount codes that can be used. They can be found at This site gives a listing of all in-store, online coupons and coupon codes.

Videos For How To Save Money With Your Smart Phone

This is just the beginning!

You can learn to save money on each and every purchase by reviewing the BUDGETING/SMART SPENDING topic of the website.