How to prepare your kids for financial success

By CATRINA TATE Indianapolis Recorder’s Money Smart Week continues with Everwise Credit Union sharing steps for preparing your kids for financial success. Teaching your kids about money and preparing them for the future financial responsibilities they will have someday is a key part of your family’s financial wellness. Here are 6 steps to prepare your kids for financial success: Talk to your children about money. Have a conversation with your children about finances. It is an important milestone that will create excitement about gaining “big kid” responsibilities. After your discussion, schedule a time when you and your child can visit a bank or credit union. Open a savings account. There are specific savings programs available geared towards kids. For example, Everwise Credit Union offers a Kids Club that’s designed for children up to age 12. Parents or guardians can open a membership with the child as the primary owner. Kids get a piggy bank upon opening an account and can learn and grow with free online financial education tools, designed especially for parents and kids to use together. Teens can open a Student Rewards Checking account to manage their money and earn cash rewards. The account features cutting-edge technology for...