Could you recommend a good tool to use to get our kids started on a savings plan? Something that would work for their different age groups (pre-teen and teen)
Answers | 1
My favorite tool for younger savers is the Money Savvy Pig. http://www.msgen.com/ This bank teaches kids to separate their cash into categories: save, spend, donate and invest. For teens, you could go to your local bank and open a savings account so they can watch it grow. The Young American's Bank https://yacenter.org/young-americans-bank/ will allow kids to open their own accounts and manage them, while teaching them the basics of checking and savings.