Did you know you could begin teaching children the basic concepts of money as early as age two? Studies show that children between 2-3 years old can learn to identify different coins based on size and color. While they may not understand the value of the coins, learning to identify them is the first step in understanding the perception of money and finances.
As children continue to grow, teaching them the skills necessary to save will create life-long money management habits. The foundation for teaching children how to save starts with a savings account. Yolo Federal created the Penny Saver Kids Club as a way to teach young children how to save and practice good spending habits. In addition, we have partnered with various elementary schools for a program called School Banking. This program allows students to deposit into their Yolo Federal account at their school! To find out if your child’s school participates in school banking, or to get started, contact the school’s administration office or email our Marketing Department at firstname.lastname@example.org.
Here at Yolo Federal, we encourage kids to start saving early. Learning good savings habits now will follow them into adulthood and throughout their life. Learn more about our Penny Savers Kids Club here. Contact a Yolo Federal representative to get your child’s account started today at (530) 668-2700 or schedule a branch appointment.