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What advantages does KidsSave™
have over a regular a piggy bank or bank savings
account?
This is a great question because we're all so used
to having kids save money in piggy banks or regular
savings accounts. And these are
great ways to save money. But KidsSave offers
a lot more than just making occasional deposits into
a piggy bank or savings account.
KidsSave is an organized money management system.
With KidsSave kids
can:
-
have their allowance
automatically deposited into their Account
increasing the likelihood that the money will
not be spent
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record their transactions
allowing them to see where their money comes
from and where it goes
-
receive matching funds and/or
interest which are automatically deposited into
their Account
-
experiment with different
savings scenarios to see what would happen to
their savings over time
-
set and monitor personal
financial goals
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learn the value of coins and
bills and learn to add and subtract with them
But, that said, KidsSave
still allows the flexibility to maintain your
child's piggy bank or regular savings account along with a KidsSave
Account. Watching real money accumulate in a
piggy bank and
sorting and counting it are valuable hands-on
experiences kids should have. In the
section
How do I pay out my child when
they need to make a withdrawal? under
the third bullet we offer a way to maintain both
your child's piggy bank and a KidsSave Account.
And to tie in a regular savings account with KidsSave,
see the section
My child already has a savings
account at a bank. How do I tie that in with KidsSave?
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