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High school and college are a great time to learn about money management and financial independence. But many parents want to keep an eye on their student’s finances to see how money is being spent and ensure that their accounts are adequately funded.
The following resources are available to co-owners of U.S. Bank accounts and make it easy to stay informed to the degree that’s right for you and your student.
Whether or not you’re a co-owner of an account with your student, the most fundamental way to instill sound money management skills is by setting a good example and having candid conversations about money. Topics to discuss include living within one’s means, using credit wisely, the basics of checking account management and the power of saving even small sums of money regularly.