Hear, my son, your father’s instruction, and forsake not your mother’s teaching, for they are a graceful garland for your head and pendants for your neck. Proverbs 1:8–9 (ESV)

Open your child an account so they can learn to earn, budget, save, and spend their own money.

Opening your child his or her own bank account is a great way to teach them stewardship. Be sure to help them count their money and track spending. Helping them to balance the account is a way to teach budgeting.