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Every kid likes to do things on their own.

So let them feel independent with their own teen checking account. This will be their first step towards a lifetime of important financial responsibility.

Teen checking accounts are a great way to start teaching your teen money management. This gives you the opportunity to start talking about spending, saving, and budgeting. You can even set up a simple budget to help them track their spending. Taking account for typical expenses such as school lunches, gas money, and weekend fun is a good place to start.

Managing money is a foundational life skill.

Managing money is a foundational life skill. That’s why it’s best to give your kids a head start on money management and saving. As a parent or guardian, remember that the lessons you plant today will take root and blossom, enriching your child’s life for years to come. Here’s a few points to ponder: