More from The Talk

Teach Your Kids about Bank Accounts, Bonds & Stocks

(5 Photos)

Vanessa Van Petten on May 20, 2010 at 4:16PM

chime in now
  • 1 of 5

Teach Your Kids about Bank Accounts, Bonds & Stocks


Next Up: From Toddlers to Teens, the Right Money Lessons for Every Age and Stage
starts in 3 seconds
    Loading slides...

Visit the bank together

Parents often complain to me that they want to teach their kids about finances and money terms, but they have no idea how to approach them. How do you help your children understand that money can be interesting, relevant and important? Try taking advantage of teachable money moments – those moments when life experiences provide opportunities for you to have a deep discussion with your teen.

Take your teen to the bank with you and introduce her to the tellers. Show her how to fill out a deposit form and wait in line. Talk about the differences between a checking and savings account. Ask her how she would use them to spend and save.

Terms to teach: Checking, savings, deposit, check


Disclaimer: Vanessa Van Petten is working with PASS from American Express on the launch of PASS; however, all content provided by Vanessa Van Petten, including financial tips, are opinions expressed by her alone and not those of American Express or iVillage. American Express and iVillage are not, and should not be relied upon to replace the services of, legal services providers, brokers, tax advisors or financial planners.

Connect with Us
Follow Our Pins

Yummy recipes, DIY projects, home decor, fashion and more curated by iVillage staffers.

Follow Our Tweets

The very dirty truth about fashion internships... DUN DUN @srslytheshow

On Instagram

Behind-the-scenes pics from iVillage.

Best of the Web