5 Great Financial Gifts for Children
College Savings Accounts
Opening a savings account for a child and funding it with an initial deposit is a good way to start teaching the fundamentals of saving money. Savings accounts can be opened in the name of the child. It will encourage the child to make his or her own contributions. Provided someone is going to use the savings account as a way to teach the child to save a percentage of all of the money they earn or receive, it’s one of the best financial gifts you can give a child.
