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Teach them well

Helping kids learn about savings

Woman and child place coins in piggybank
April is a good time to help children learn the value of saving money.

April is Financial Literacy Month — and not just because taxes are due.

Experts encourage people to spend time in April reviewing their finances and making improvements if needed. If your finances are already in order, take time this month to help your children or other young family members understand the concept of saving.

Once you’re in the habit of setting aside money and investing it, it’s easy to keep going. Childhood is a good time to learn about saving because the lack of adult responsibilities makes it easy to set money aside and see it grow.

In addition to talking to kids about ways to save money, you could help them open their first savings account.

The Wellness LiteBlue page has additional financial literacy information.

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