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Accounts for your Working Children: Helping them Save More

posted 6/14/2013 in General

Ah, summer jobs.  Who hasn't had a couple of those when they were in high school or college? From taking tickets at a movie theater to de-tasseling to fast food order taker, they can be a drag or they can be fun. Regardless, all summer jobs require something more than the need to make money: somewhere to put it.
Serving is just one of many common jobs for teens
Lincoln Savings Bank has a few options available to make sure your kids, whether they are in high school or college, have somewhere to safely and securely keep their hard earned income from their summer jobs.
Savings Account- there are few skills more important than teaching your child how to save and manage money. With this account, your kids can learn how to be responsible with their money by learning proper saving techniques, making savings goals, depositing money and watching their account grow.
Checking Account- if your child is ready for the responsibility of using their own ATM or Debit card and tracking their spending, this account gives kids the tools they need to take the next step in their financial lives.
We all want our children to grow and mature, and financial management is a lifetime skill that should be started at a young age. Talk with your kids about the value of saving, having emergency money and creating goals. This will help to ensure they become smart money managers throughout their lives.

If you have any questions or want to get a child started saving today, just come by the Lincoln Savings Bank nearest you today!

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