Asset Allocation Calculator Required Minimum Distribution Calculator Kids and money.
Few things are more complicated to navigate.
One of the best ways to encourage kids to understand and respect the power of money is to give them an opportunity to use it. It is also a great opportunity to teach kids about budgeting and saving money for items they want. Opening a savings account with a child can give them a real opportunity to watch their account balances grow over time. This rewarding experience helps kids learn good financial habits, a lesson that will stand them in good stead as they face more complicated financial choices later in their lives. Another important way to teach kids about money and investing is to give them an opportunity to invest, either by buying shares in a mutual fund or by selecting individual securities.