From the age of three, children are able to identify coins and understand that money is used to obtain something in return, so they can learn basic concepts such as saving and spending through their experiences.
According to the National Commission of the National Commission for the Protection and Defense of Users of Financial Services (Condusef), many parents have the healthy habit of encouraging their children to save through their Sunday.
Instead of keeping the money in the piggy bank, he pointed out that most banks have special savings accounts for children.
“It could be said that this practice is an excellent trigger for financial inclusion and education, now so necessary at an early age, given the range of products and services that the market has put at their fingertips,” he said.
For example, BBVA has a Link Card, in which children can open an account with a peso. Banca Afirme offers the Visión Junior program, which, although it does not require an amount to open, requires an average monthly balance of one thousand pesos.
Santander offers the Junior Account, and at least 3,000 pesos a month are needed.
Banco del Bajío has the Chavos Account, which can be opened with 250 pesos and a balance of 100 pesos per month is required. Banco Inbursa offers the Educa Account, with 500 pesos for its opening, the same amount of monthly balance.
Banorte has the Suma Menores program, in which 500 pesos are needed to open it. While HSBC offers the Flexible Minors Account, with zero pesos for opening and monthly balance.
Councils of the Condusef
• Every time your child receives money, encourage him to save a part.
• Always set goals and priorities, it is essential for success in saving.
• Encourage him to keep track of what he saves: it will motivate him to continue when he sees that he is reaching the goal.
• Consider giving him another one for each peso he saves as a reward for his effort; This will help to train savings discipline.
• Have a good management of your personal finances and make it a participant.
