Share the Importance of Saving Money

It’s never too early to start teaching your kids the importance of saving money, especially since we are often bombarded with spending temptations.

At Piedmont Advantage, we believe our youth deserve more than essential financial services. As primary minor account holders, kids can access their money with built-in rewards and so much more.

We equip children and parents with financial education tips and knowledge to make a difference in the communities where they live, work, worship or attend school.

Our Youth Program gives kids access to financial literacy tools and secured accounts, teaching them the necessary budgeting skills and confidence to make informed financial decisions throughout their lifetime.

That’s why we created our Al Pacu Club Savings and Youth Checking accounts.

The Al Pacu Club Savings account is perfect for teaching children (aged 0 to 17) how to save and grow their money. This account shows how their money is protected in a financial institution and how compound interest helps money grow over time.

They will also learn to monitor their savings and spending with online or mobile banking. Learning to save helps set goals and demonstrates how earning interest allows money to grow over time.

A great way to start teaching kids how to manage money is to encourage them to divide their earnings from allowances or jobs into different categories.

Start by teaching them to set aside some money for short-term spending, some for saving towards a more expensive item like a bike or computer and some for long-term savings for future goals, such as college or a car.

Visit one of our branches to learn more about our Youth Program and access all the financial education your child will need.