Teaching Kids About Money: Start Strong, Start Early

Build lifelong money skills with simple lessons and the right tools.

It’s never too early to help children develop healthy financial habits. Teaching them how to earn, save, and spend wisely builds confidence and prepares them for financial success.

Easy Lessons to Get Started:

• Open a Youth Savings Account: Help them learn how to track balances and watch their money grow.
• Make Allowance a Learning Tool: Encourage kids to divide money into categories like spending, saving, and giving.
• Set Short-Term Goals: Saving for a toy or a fun experience helps reinforce the value of delayed gratification.
• Start the Conversation Early: Everyday moments, like shopping or paying bills, are great opportunities to talk about money.

Croghan makes it simple to support these lessons with our  Gen$ave and Gen$pend accounts.

• Gen$ave, for ages 0 to 22, is a savings account that earns interest and requires just $5 to open.
• Gen$pend, for ages 13 to 22, is a checking account that includes a debit card, digital banking tools, and access to GenPerk$ rewards.

With GenPerk$, young account holders can earn rewards for opening an account, completing simple financial education tasks, and referring friends.

Stop by your local Croghan office or visit our Financial Education Center to learn more.