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.
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.
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.
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!
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 retailmenot.com. 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.