It’s never too early to start teaching kids about responsible money habits. When you encourage healthy saving and spending habits, you set your kids up for a positive financial future.
First things first – they’ll need a savings account. It’s easy to set one up and fun for kids, as they’ll earn prizes as they make deposits. And as your child grows, so will the money in their interest-bearing account. To open a kid’s account, give us a call to make an appointment at a branch and time that works best for you.
If you’re not the primary guardian but want to give a gift that lasts a lifetime, consider giving the Gift of Membership. This certificate is available at any Industrial CU branch and can be made for any amount (minimum $5). It’s a great way to give a monetary gift that has the added benefits of credit union membership, as well as peace of mind for you that your gift is safe and secure. Much like the savings bonds that were popular gifts for many years, but more fun for the recipient since they gain an interactive account experience.
Kids.gov has a wealth of helpful resources you can use to help your young one learn about money management, as well as fun facts about money. Check out their website here.
The Washington State Department of Financial Institutions also provides games and fun activities to help kids learn about money. You can find those resources here.