Opening a savings account for your kids

[Fire&Rain]

Have you considered opening a savings account for your kids? I opened one for my kid as soon as she was born. I won't tell her about it until she is responsible enough and mature enough to understand that the money isnt for fun but to help kick start her future.

 

[Min George]

From the age of 6 months old of my child, I would be running a special savings account for him. It would greatly help the child in future.

 

[Suba]

In my country, every bank has a junior savings account that is intended for parents who want to save for their children. This type of junior savings cannot be withdrawn by the child himself even though he is over 17 years old, so he must be accompanied by his parents when opening a junior savings account.

 

[Augusta]

That's the way to go. You just have to know that they would only make good of it when they would have come of age

 

[Fidelia]

A saving account for my kids is not negotiable. I must open a savings account for them as soon as they are born. Banks have all those programs nowadays.

 

[Augusta]

Yes, it is one thing to do for the children financial growth. it is good to prepare for the economic growth of your children

 

[Springtime]

I do not have any children, but I think it's a good idea to open a bank account for your kids. You can take the opportunity to educate them on savings.