First Mate's Club
Ages birth to 8 years old
What Salin can do:
Free savings account.
Free piggy bank with First Mate’s logo when you open a new account.
What you can do:
Small children are naturally inquisitive and are very interested in what their parents are doing. You can teach them simply by having them watch what you do.
Help them learn to count.
Show kids each kind of coin, and explain how each is worth a different amount.
Show them how you pay for a small, single item at a store. Help them count coins and make change.
Provide a small allowance, or pay for small household tasks, such as emptying trash or making beds.
Teach them how to save for an item they want.
Consider a 529 Savings Plan or a Coverdell ESA to begin to save for college education.