Save Money
4 Banks Accounts At 14 Years Old
Disclosure: This content is for educational purposes and should not be considered individualized financial advice. Some links on this site may be affiliate links, which means Yes, I Am Cheap may earn a small commission if you make a purchase or take action through those links. This does not change your cost. We only share resources we believe may be helpful to readers.
How early should you begin teaching your children the value of a dollar? It seems like it might never be too early.
I was inspired by this 14 year old who already has four accounts – one of which is his college fund. Every two weeks he makes the trip to the bank to deposit a part of his allowance into his accounts.
Teach your children to save early, save often and save as much as possible. If you need a little inspiration, watch what Jordan Lane Palmer is doing and begin a savings account with your kids today!
And in case you’re wondering, savings accounts for children under 18 are usually free!
Source: CNN Money
