Is it Too Early to Set Up a Kids Saving Account?

Congratulations! You have a child or you are going to have a baby.
Lucky you! ;o) It is a beautiful time in life to be a parent.

If your child has not been born yet, there’s so much to do before your baby is born. Should you know beforehand if it is going to be a boy or girl? Should you register at baby stores for items you want or just let your friends and family buy you what they want? Will the baby furniture you buy really be safe for your little one? Who’s going to be “its” doctor? I could go on and on and on. ;o)

If you already have your child then you know that there’s even more to do after your baby is born. Set up his or her feeding schedule or will you breastfeed? Take him or her for vaccinations or not. Buy clothes as your child outgrows one outfit after another. Schedule play dates. Open a kids saving account. Yes, that’s right. Open a kids saving account. It’s never too early to set up one for your little one. ;o)

A kids saving account can be started as soon as your baby is born. This is a good place to deposit those early birthday checks and holiday good-cheer checks. It’s a great way to begin to save for those important milestones in your child’s life. Beginning so early will let all those dollars add up (compound too) and benefit your child when he or she reaches that magical time of acquiring a first car or attending that dream college. The reasons behind having a kids saving account are endless! ;o)

This may surprise you, but you can have more than one kids saving account. Grandparents and/or godparents can open up accounts for your child. Maybe grandma or grandpa wants to be the one to buy their grandchild that first car. (not that I recommend that, but that’s another story) Or, maybe they want to help pay for that expensive college education at an ivy-league college.

Let’s not forget the joy and thrill that your child will experience with his or her very own first kids saving account. How early you can open your first kids saving account simply depends on your banks personal options. I would suggest you contact the bank first so that the representative will know that your child is very young.

This rep can then explain the kind of kids saving account you want your child to open. Imagine the excitement your child will feel going to a real bank to deposit their money. How grownup he or she will feel! Imagine what this will do to his or her self-esteem! ;o)

Your child could, of course, save money in little piggy banks at home as well. In fact, your child could begin using those little piggy banks before taking the money out and depositing it in a big bank.

Click here to see the free video lesson for parents, “The 6 Magical Piggy Banks” so you can learn how your child can manage their money so that it works for them rather than them always having to work for money. In the video you’ll see a really cool kind of jar idea that will help you child to see their personal home kids saving account grow right before their very eyes! It’s really cool! ;o)

Give your child the gift of a financial helping hand right now. No matter what your child’s age is, empower your child about money by starting him or her off with their very own kids saving account right now. If you’re anything like me then you also want your child to be raised to be a well-prepared, money savvy, young adult. We want our children to live in a much less money-stressful world. Open your kids saving account so that your child can be Clever with their Dough and have positive self-esteem.

Here’s to empowering our kids about money! ;o)

Cheers … Amanda van der Gulik … Excited Life Enthusiast! ;o)