Search Results for: savings account
Building a Savings Accounts
Experts say that individuals should have a year’s worth of living expenses stuffed into their savings account in case of an emergency. It’s hard to imagine saving just a few months’ worth of pay–much less an entire year’s worth. However, there are some easy methods you can use to build a savings account that will continually draw interest and will be there in case of an emergency.
How to Open a Savings Account for an Unborn Child
Many parents start thinking about a child’s future before their child is even born. If you want to start saving money for your child’s future college account or something else, you may want to open a savings account. Below, you’ll find step-by-step information for how to open a savings account for an unborn child.
Divorce & IRA Accounts
During the course of a divorce, any assets you and your spouse had will need to be divided. With the help of your lawyers or a mediator, you will decide who gets what property, how to divide your savings and how to divvy up the retirement accounts. Splitting up the 401(k)s and the IRAs is a bit trickier than simply dividing a regular savings account.
Starting a Children’s Saving Account
Opening a savings account is a wonderful way to teach your child about money and setting goals. By starting an account at an early age, a child learns how numbers relate to dollars and cents and can begin to understand the value of a dollar. By making savings accounts part of your children’s lives when they are young you will be helping them learn one of life’s most basic skills: how to manage their money.
How Does a Teenager Open a Bank Account?
Landing his first job is the perfect time for a teenager to also land his first bank account. While visiting a bank for the first time as a customer may seem intimidating for a teen, knowing the requirements and process will give him a boost of confidence and perhaps their first glimpse into the responsibilities of adulthood. Learning to manage money as a teenager will give your child a head start when it comes to building life skills.