Experts say you can start kids banking as early as ages three to five. They can already start to embrace routine and habits at this point. “The whole idea is getting set up with a regular savings habit,” says Neale Godfrey, author ofMoney Doesn’t Grow On Trees: A Parent’s Guide To Raising Financially Responsible Children.
“Remember when they’re little we’re starting to teach them all sorts of habits: Brush their teeth, get up on time, put their toys away. We save part of our money, that’s a habit too.”
Au Revoir, Piggybank: Tips For Your Child's First Bank Account
