youth savings

Youth savings refers to financial programs or accounts designed specifically for young people to encourage saving habits early in life. These accounts often have tailored features like lower minimum deposits, no or reduced fees, and educational resources to help youth understand money management. The goal is to promote financial literacy, independence, and long-term financial stability by fostering a habit of saving and responsible money use from a young age. Youth savings accounts can also serve as stepping stones for future financial products and planning.