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Money Girl

Kids Banking: 3 Innovative Ways to Set Kids Up for Success

Money Girl

Macmillan Holdings, LLC

Investing, Education, Business, Entrepreneurship, How To

4.61.8K Ratings

🗓️ 27 October 2021

⏱️ 16 minutes

🧾️ Download transcript

Summary

Want to teach your kids good money habits and set them up for success? Laura breaks down three types of kids banking accounts and gives you her recommendations so you'll know what's best for your babies, tweens, teens, and everything in-between! Read the companion article on Quick and Dirty Tips. Check out all the Quick and Dirty Tips shows. Subscribe to the newsletter to get more personal finance tips. Join the conversation on Facebook and Twitter. Links: https://www.quickanddirtytips.com/ https://www.quickanddirtytips.com/podcasts https://www.quickanddirtytips.com/subscribe https://www.facebook.com/MoneyGirlQDT https://twitter.com/LauraAdams

Transcript

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0:00.0

Hey everyone and thanks for joining me this week.

0:08.1

My name is Laura Adams and I'm a personal finance and small business expert and author.

0:12.8

I've been hosting the Money Girl podcast since 2008 and I'm so glad to have you along for

0:17.8

the ride.

0:18.8

You probably know my mission here is to help you get the knowledge and motivation to prioritize

0:23.6

your finances, build wealth and have more security and less stress.

0:28.8

Every show is like a many training that I create to help you come away with tips, advice

0:33.9

and just ways to make better money decisions and take your financial life to the next level.

0:39.4

So if you haven't already subscribed, I hope you'll do that and of course please participate

0:43.2

by sending me your money questions or comments.

0:46.1

The easiest way to do that is by calling our voicemail line.

0:50.4

You can leave a message 24-7 just call 302-3640-308 and you can always email me.

0:58.8

Using my contact page at LauraDatoms.com or you can connect with me on Instagram at LauraDatoms.

1:07.2

As always you'll find the companion blog post for the show we call it the show notes.

1:11.7

They're in the Money Girl section at quickanddirtytips.com.

1:15.6

You'll find today's episode under number 705 it's called Kids Banking.

1:21.6

Three account types every parent should consider.

1:25.5

I wanted to do this show because I get lots of questions from parents who are looking

1:30.6

for ways to help their kids not only learn about money but save their own money and maybe

1:36.7

help kids save a little bit by giving them gifts or allowances and that sort of thing.

1:41.8

I believe that it is never too early to start teaching kids about finances and I found

1:48.0

that there are some really clever and innovative products out there that are designed exclusively

...

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