Ages 13 to 17 years old
What Salin can do:
Free savings account.
Joint checking account with parent.
Free ATM card with personal PIN
What you can do:
Explain the concept of interest, both for savings and loans.
Show how to save for long-term goals, such as college
spending money, new cell phone or car.
Encourage a part-time job or extra work around the house and in the neighborhood.
Teach how to make deposits and withdrawals at a bank
and using an ATM card. Stress the importance of a
secure, private PIN.
Demonstrate the responsibility to identify and contribute to charitable organizations, such as churches and food banks.
Demonstrate the value of Coverdell or 529 savings programs.