Thankfully, this idealistic start for making an investment in your child’s future isn’t as unreachable as it once may have been. In fact, there are several helpful resources to teach financial literacy to your kids.
1. Chase First Banking
Teach your kids to spend, save and earn — all from the Chase Mobile® app. Chase First BankingSM helps parents teach teens and kids about money by giving parents the control they want and kids the freedom they need to learn.
Greenlight provides parents control over where their kids can spend money by limiting the stores where their cards work. Parents can get alerts when money is spent on the Greenlight debit card and for how much.
With no hidden banking fees, no minimum deposit or balance requirements, and fee-free ATM access, Stash may be a strong choice for consumers who prefer to do their banking and investing all through the same platform.