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Published Category: Info for consumers

Here’s why you should open a savings account for your kids

Parents often want to open accounts for their children, to help them learn about saving for the future and managing their money. And young people often go to a bank to open an account when they get their first job and start earning money. However, when trying to open an account for a child under age 18, some people run into roadblocks.

Published Category: Info for consumers

You’ve got goals for your life—and some of them take money to achieve

Goals, whether long term or short term, usually cost money to accomplish. That means when you have a life goal, you probably have a financial goal, too. Life goals—and financial goals—can be small or large, short-term or long-term. Helping consumers reach their own goals is an important part of our mission. Whatever your goals are, here are a few steps that can help you reach them.

Four elements define personal financial well-being

We want to help people improve their financial lives, so we want to help them set goals that can make a real difference, and work toward them. That’s why we talked to consumers across the country, to hear what they had to say about financial well-being and what it means to them. You can see what we learned in our report on financial well-being.