Teach your kids to save

Want to teach your kids to save? This account gives them an incentive. When they make qualifying deposits, they earn tokens they can use to buy cool prizes.

When your child earns 10 tokens, those can be cashed in for a $10 Mastercard Gift Card, and when your child earns 25 tokens, those can be redeemed for a $25 Mastercard Gift Card.

How’s that for a reason to save?

Keep on saving and earning, kids!

Babysitting and lawn-mowing are some of the most common jobs for kids. But maybe these aren’t jobs your own children are interested in. Or maybe there are not many opportunities to do them in your area. Ideally, you should encourage your children to take on jobs that interest and excite them. Here are a few ideas:

1. Tutoring

If your child excels at reading, math, or another school subject, they might make a great tutor. They can help a younger child hone their skills, and pick up some extra cash along the way.

2. Baking

Baking is a skill that most children can quickly learn, and it’s definitely a way to up their lemonade stand game. Kids can start with simple classics like chocolate chip cookies, and work their way up from there.

3. DIY Crafts

If your child has a knack for painting, jewelry-making, wood carving, or another crafty skill, they can sell their work online. Sites like Etsy help hopefuls find customers, and being young can actually be a point in their favor.