First Bank of the Lake: Fun Ways to Teach Your Kids About Money

One of the most valuable lessons you can teach your kids is how to earn and save money. Allow your children to learn this lesson from you before someone else. Learning to save money doesn't have to be boring. Our bank at the Lake of the Ozarks is here to give you a few fun ways to teach your kids about money. Start your child's first savings account in Osage Beach at First Bank of the Lake. Learn more at www.FirstBankLake.com.

Fun Ways to Teach Your Kids About Money

Pick out a piggy bank together.
Go to the store with your child and have fun picking out a colorful piggy bank together. This can be a great way to start showing your kid how to save money.

Point out things your child may want to start saving for now.
There may be things you child hasn't thought about yet that they should start saving for now. You can present these things to your child in a fun way. For example, they may want to start saving for things like:

First car
College
First laptop
TV
Smartphone

Tell them fun stories about how you used your first phone or car.

Teach them entrepreneurship early on.
Teach them responsibility by showing them how to look and apply for jobs. This is clearly a task for kids that are older. You can also inspire them by showing them articles on companies that were started by young people like Facebook for example.

Buy a toy cash register.
For those of you that have younger children, start teaching them about money at a younger age by buying a toy cash register. Have them be the cashier and you be the customer. They can practice counting money and giving you the right change after you make a make-believe purchase.

Buy monopoly.
Remember that saying, "do not pass go, do not collect $200?" That is from the classic board game monopoly. This is a great interactive game you can play with multiple people. Typically you can play with 2-8 players. This game can teach you to count money and purchase properties.

First Bank of the Lake Wishes You The Best of Luck in Teaching Your Kids About Money

We know that our children are our future. We wish you the very best when teaching your kids about money. At our bank in Osage Beach, we don't try to sell you a loan or service you don't need. And, we make all of our decisions right here at home - we use judgment and compassion when evaluating customer requests. Our goal is to find the right product or service to meet your financial needs.
We're sure we have the perfect account to meet your needs. Come into First Bank of the Lake and talk with our friendly Account Specialists today! You can also visit our website at www.FirstBankLake.com.

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