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WSJ Your Money Briefing

From Apps to Accounts: Here’s Where Kids Are Storing Their Money

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 29 November 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

The New Money Rules for Kids: From payment apps to bank accounts, there are many places for kids to store their money. In the third episode of our series we explore what you should know about each of them. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by Krakhan.

0:03.0

Krypto is like finance, but different.

0:06.0

It doesn't care when you invest, trade or save, do it on weekends,

0:11.0

or at 5 a.m.

0:12.0

Or on Christmas Day, at 5 a.m. or on Christmas day at 5 a.m.

0:15.2

crypto is finance for everyone everywhere all the time.

0:19.4

Visit crackin.com slash see what crypto can be to learn more.

0:23.0

Don't invest unless you're prepared to lose all the money you invest.

0:25.6

This is a high risk investment and you should not expect to be protected if something goes wrong.

0:29.6

Here's your money briefing for Wednesday, November 29th.

0:35.0

I'm Adiana Aspoodoo for the Wall Street Journal.

0:40.0

This is the third installment of our series, the new money rules for kids.

0:46.0

So far, we've looked at how kids are learning about money online

0:50.0

and how some kids are using social media to amplify their small businesses.

0:55.0

Now comes a tough decision.

0:58.0

Where should children keep their money?

1:00.0

Nowadays, it's a lot different than just keeping your cash under a mattress or even

1:07.5

walking into a bank with all of your buddies stacked on top of each other in trenchcoats

1:11.9

kind of like what happened in the 1994 movie stacked on top of each other in trench coats.

1:12.6

Kind of like what happened in the 1994 movie

1:14.8

Reboup of the Little Rascals.

1:16.6

What is your account number?

...

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