There are many benefits you and your child can gain by developing a sound financial plan. If you are unsure where to start, the experts at Cornerstone Bank are here to help guide you. Whether that is determining which savings account is best for your infant or how to develop financial literacy in your teenager. It is important to evaluate your child’s financial position often, as they grow so will their needs! Here are a few common scenarios you might encounter that can present exciting opportunities.
- Your child receives money for their birthday. Where do you save it?
- Your child asks to borrow money for an activity. How do you determine the amount, get it to them, and provide additional funds if needed?
- Your child gets their first job. How do they learn to manage their income?
- Your child is looking into advancing their degree. Do they know how to secure loans and effectively build their credit?
There are many benefits you and your child can gain by developing a sound financial plan. If you are unsure where to start, the experts at Cornerstone Bank are here to help guide you. Whether that is determining which savings account is best for your infant or how to develop financial literacy in your teenager. It is important to evaluate your child’s financial position often, as they grow so will their needs! Here are a few common scenarios you might encounter that can present exciting opportunities.
- Your child receives money for their birthday. Where do you save it?
- Your child asks to borrow money for an activity. How do you determine the amount, get it to them, and provide additional funds if needed?
- Your child gets their first job. How do they learn to manage their income?
- Your child is looking into advancing their degree. Do they know how to secure loans and effectively build their credit?
From their first steps, to their first strides, we are here to help identify opportunities to put your child on a path towards financial success. We offer solutions for saving, spending, and money management.
First Steps
- Leave the piggy bank for decoration and open a savings account to keep your child's financial gifts safe.
- Certificates of Deposits (CDs) are a great way to earn interest on their money.
First Strides
- Checking accounts will allow your child to learn money management skills under your guidance.
- Debit cards will give your children a sense of independence while still allowing you oversight.
- Card controls allow you to turn off debit cards as needed, set spending limits, and monitor transactions in our app.
- Online and mobile banking help you and your child manage the account, monitor cards, and transfer money easily between accounts.
- Alerts are available to keep track of balances, spending, and deposits.
- Fraud prevention tools monitor and notify you of suspicious activity.
- Credit score monitoring helps your child understand, observe, and build their credit score.
- Budgeting tools in online banking allow your child to build budgets and set reminders.
From their first steps, to their first strides, we are here to help identify opportunities to put your child on a path towards financial success. We offer solutions for saving, spending, and money management.
First Steps
- Leave the piggy bank for decoration and open a savings account to keep your child's financial gifts safe.
- Certificates of Deposits (CDs) are a great way to earn interest on their money.
First Strides
- Checking accounts will allow your child to learn money management skills under your guidance.
- Debit cards will give your children a sense of independence while still allowing you oversight.
- Card controls allow you to turn off debit cards as needed, set spending limits, and monitor transactions in our app.
- Online and mobile banking help you and your child manage the account, monitor cards, and transfer money easily between accounts.
- Alerts are available to keep track of balances, spending, and deposits.
- Fraud prevention tools monitor and notify you of suspicious activity.
- Credit score monitoring helps your child understand, observe, and build their credit score.
- Budgeting tools in online banking allow your child to build budgets and set reminders.