Raising a financially savvy generation is more critical today than ever. With the array of spending and saving options available, equipping children with the tools to manage money responsibly is a vital part of parenting. This is where savings accounts made for kids come into play, particularly the DEXSTA Youth Savings Club, which is designed to make saving educational and exciting.
The Importance of Youth Savings
For many parents, teaching children about money management starts with a piggy bank and evolves into their very first bank account. DEXSTA makes this transition seamless with its Bill and Penny Savings Club, specially designed for children ages six to12. The club introduces the basics of saving with fun and rewarding elements that keep children engaged.
Learning While Earning
One of the most beneficial aspects of joining the youth savings club at DEXSTA is how it turns theoretical financial concepts into practical, everyday lessons. Children earn rewards every time they deposit money, seeing first-hand how saving regularly benefits them in the long run. For every seven deposits made, members receive a free movie pass, a tangible reward for their consistency and discipline.
Incorporating such rewards helps children connect the act of saving with positive outcomes, making it more likely that they will continue to save as they grow older. The excitement of earning a prize for each deposit makes them keen to add more to their savings, emphasizing the concept of delayed gratification.
Credit Union Awareness
In addition to teaching the value of saving, the Bill & Penny Club introduces youngsters to the workings of a credit union. Unlike typical banking institutions, credit unions are member-owned and often provide a more community-focused approach to banking. Children learn about the benefits of being part of a credit union, such as lower fees and community involvement, which are important lessons for young savers.
Accessible Financial Literacy Resources
DEXSTA goes beyond managing accounts. We provide educational resources that are crucial for young learners. DEXSTA offers access to free financial literacy programs, including the Banzai Junior course—recommended for children between the ages of eight and 12. These resources are available online, making it easy for kids to learn about finances at their own pace and in the comfort of their own homes.
The financial literacy lessons cover a range of topics, from basic money management to understanding savings and even investment basics. This knowledge is essential in helping children make more informed decisions about money in the future.
A Lifetime of Financial Confidence
Teaching children to save is an investment in their future. DEXSTA educates kids about money but also makes the learning process enjoyable and rewarding. If you’re looking for a way to help your child evolve into a financially responsible adult, consider the benefits of enrolling them in the DEXSTA Youth Savings Club. Visit our website or contact DEXSTA today to learn more about this exciting opportunity for your little savers!