Cutting the Financial Cord: When is the Right Time?
When it comes to things like a credit card or health insurance, it's okay to stay connected. You can keep your child on your health insurance until 26 if need be, and they can also be an authorized user on your credit card. The biggest thing to remember is that you're trying to set your child up for success, not handicap them. Lincoln Savings Bank can help with their financial independence by helping set up a checking or savings account for your child to use responsibly, so see us today!