Our top pick: Greenlight
Teach your child to spend, save and invest all in one app. Get 5+ financial literacy tools, including chores and allowances. All with powerful parental controls to decide where your child can spend and how much. Includes up to 5% savings rewards.
Explore these useful banking tools and resources for your kids.
Calculate how much to pay your kids for completing their chores by selecting your state, child's age, child's savings goal, and chore.
Which days will this chore be completed on?
| Chore | S | M | T | W | T | F | S | Rate |
|---|---|---|---|---|---|---|---|---|
| Add chores to work out weekly total | ||||||||
| Weekly total | $0 | |||||||
Your child is 0% toward their weekly savings goal of $0.
Chore rates are based on suggestions from experts. See our methodology.
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|
If you complete all of your chores each week, you’ll make $0. This is 0% of your weekly savings goal!
From opening an account for your newborn baby to saving for college, explore various kids banking topics below.
Before you head to the bank and open an account for your kid, learn about the documentation you need to have and how this account could affect you come tax time.
Opening a bank account in your child’s name can be a great way to save for future educational expenses and teach your child good money habits. But not all banks and credit unions allow you to open an account for a baby. Find out which ones you qualify for here.
Education savings accounts, also known as 529 plans, are set up to save for your child’s future education. The funds from these accounts are used to cover educational expenses, such as elementary or secondary school expenses or college tuition. The number one perk of these savings accounts is that the earnings from the investment as well as any withdrawals from the account are not taxable for federal income tax purposes.
College gets more expensive every year. The earlier you save, the greater the chance you have to combat student debt in the future. Uncover the average cost of tuition, fees and room and board. Then learn how to create a savings plan that helps your money go further.
GoHenry is now Acorns Early. If you’re looking for a GoHenry alternative, try Greenlight, Step, Current, Modak Makers or Chase First.
Setting a savings goal, creating a budget and opening the right savings and checking accounts are top ways for teens to save money.
These saving methods can help teach and motivate kids to save.
Some of the best free debit cards for kids that don’t charge any monthly fees include Step, Current, Cash App, Axos, Chase, Revolut and more.
Get an extra month free with this Finder-exclusive promo code for a limited time, plus see other deals and special offers from Acorns Early.
Greenlight and Acorns Early (formerly GoHenry) are strong kids’ debit cards, but Greenlight has a slight edge because of its extra features and competitive price.
Compare the best kids’ prepaid and debit cards designed for ages 13 and under.
See our first-hand review of the Greenlight card to see if the $5.99 monthly fee makes sense for your family.
Set your little ones up for financial success with a kids’ savings account.
Compare the best credit cards that minors under 18 can have as authorized users.
