Fiscal fitness isn’t relatively evenly distributed throughout society. Some people have a deeper understanding of finances and investment than the majority. Knowing the ins and outs of the fintech industry is essential for all.
Unfortunately, not many people are well aware of the details of different investment plans and mindful spending that can help them create a secure future ahead.
If you want to learn these strategies, the best way to do so is by educating yourself financially as early as possible.
There is no age limit when it comes to learning. So then, why not let your next generation get hold of financial literacy as early as possible?
Sounds confusing? See, parents have always been trying to create a future for their kids. But in this long race, you might miss letting your kids handle their transactions.
Instead, guardians take care of the expenses until their children become adults and start moving out of their comfort zone. But since they didn’t receive proper financial education, the gap remains the same in society, where only a handful of people are well aware of their money.
Why not start changing this scenario right from the comfort of your home? How? Start with NEO banks like akudo that offer excellent banking for teens.
It is the best NEO bank for teenagers that can help your high school kid transform into a mature adult while learning more about investments and finances.
But, to get started, your kid needs an active NEO bank account.
Still, confused about opening a bank account for your kid? Here are a few reasons why your teenager needs a prepaid card and a bank account right now:
Grow While Learning
The primary reason for opening a bank account for your kid is to help him learn more about financial investments. So whether he is saving a few backs from his pocket money or has already started his paid internship, it is the best time to introduce him to the fintech world.
Your teenager is pretty responsible about his career and studies. So, if he is already going for a part-time job to earn his pocket money, you must help him open a bank account that can offer teenager debit cards for seamless transactions.
Be Responsible & Accountable
Your kid needs to learn about taking responsibility as early as possible. You will come across many people who are still dependent on their parents for money and funding for their needs.
It isn’t a healthy habit as it often stops the teenager from transforming into a responsible individual. That is why your kid, too, needs a bank account that can allow them to handle their transactions while learning the basic skills for investments.
Apart from these, your kid also develops a sense of self-accountability. How is he spending his money? Can he save a little more for buying that desired gift? Is he spending his pocket money mindfully? These are a few things he learns gradually when he starts banking from an early age.
A Good Practice For A Bright Future
Adulthood might seem like a tempting topic to talk about, but it gets tough with time. That is why preparing your kids for the scenario is essential. For example, get him a bank account that also offers prepaid cards for teens.
It will help them understand payments, savings, and transactions and develop skills for handling responsibility from an early age. For example, by using a debit card, the kid learns to control his habits of spending on unnecessary things and slowly becomes mindful of future expenses.
Finally,
These are a few reasons why every parent needs a bank account solely for their teenager. However, if you are concerned about finding a reliable platform to introduce your kid to the economic world, nothing gets better than akudo.
It is a startup bank that comes with the notion of imparting financial literacy to the GEN Z. The bank is known for customizing its facilities to meet the specific requirements of its customers. Another unique aspect of this bank is its services for younger kids and their parents.
North Loop is the best option if NRE and NRO account is in your mind.
Rather than wasting time, four to six weeks into account open process, North Loop only take 5 minutes to sign up process for NRE accounts.
Being an NRI, you will get here lots of attractive features that are not available elsewhere.
Here are no fees and no minimum account balance.
Besides, they offer competitive interest rates and 24/7 global customer service.
This need came into existence when people started looking for options to open online bank account Singapore.
However, the youth and small business owners prefer online bank accounts to save time and money.
Most of the traditional banks offer a digital banking facility via their mobile application.
Some of the advantages of this facility are:Open Accounts at your convenienceYou can open an online bank account anytime, anywhere through smartphone or laptop, with internet facilities.
All banking features along with customer service facilities are available at your fingertips.Instant cash transferNo matter what you are doing, you can pay bills, make online transfers from your dining table.
You don't have to visit a branch office to get the transaction completed.
Hire Me for Transaction Advisory Services with Best corporate services in Dubai.Open company Offshore bank account in Dubai with the help of globalconnectae.com.
