Build a first budget and learn about financial management tools.

THINGS TO CONSIDER

• Children earn dividends on any balance through age 15. Now is the time to open a primary savings account, if you haven’t already.
• Establish a parent or guardian as a joint owner on a savings account to monitor account activity and teach good spending and savings habits. The joint owner will have the same access to the account as the child.
• Now is a good time to build a first budget. Start using online banking and Sunward's mobile app to keep track of savings goals and monitor spending.
• The $1,000 your child will have saved by age 18 can be used as a guaranteed way to build credit. Learn how.