Erin Bendig has extensive experience in various areas of personal finance. She previously worked as a staff writer for Kiplinger.com, focusing primarily on savings accounts and banking. In ...

It's never too early to start teaching your children about finances and encouraging them to save. In fact, research has shown that children as young as five can begin to understand the value of money.

Prepaid cards provide a hard limit on spending — you typically can’t overdraw, as you sometimes can with a bank account — and ...

The account also comes with an ATM card. There is a $500 daily ... it would be a shame to give some of it to the bank. No minimum balance requirements: Kids will likely have pretty low balances ...

Getting credit cards for kids can age you. I should know ... Not if they don't understand credit scores. If they have a bank account or other easy way to check their credit score, show them ...

Perhaps the biggest benefit of the Bluebird American Express reloadable prepaid card is the lack of monthly fees. Two other advantages: It offers free withdrawals at more than 38,000 U.S. ATMs in the ...

Then it can stay in a piggy bank and you can discuss what your child wants to spend it on. And if he or she is old enough, what about a thank-you card signed by both of you? Home-made cards are always ...

Many of the best debit cards for kids also have educational materials for kids to learn about finances and money management. Many of them are also joint bank accounts where both the parent and the ...