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Reply to "Pros and cons of child bank account"
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[quote=Anonymous]I got my kids bank accounts around age 14. They downloaded the bank app and ApplePay and have learned how to budget and manage their accounts. It quickly taught them how expensive their spending habits were - and the value of working and saving money. Great lessons to have mastered before leaving for college. For larger amounts (mostly gifts from relatives), they have investment accounts at Vanguard. I don't know about the college implications...[/quote]
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