Teach children to save
One of the most valuable lessons you can give your children is the importance of saving.
Saving money is a critical first step to financial independence and building wealth. Be sure to talk to your kids about the importance of saving and help them get started. Introduce them to your financial institution and the services it provides to you. Help your children to open savings and checking accounts of their own and guide them in using the accounts responsibly.
Many financial institutions offer special accounts for young savers. Ask where you bank.
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