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He is likely to need very little money to open either a specialized kids' banking account or a regular account at your bank. $25-50 is a common minimum range, which you can afford to get him started. The most important thing is to make sure you get an account that will not charge him fees for having a low balance.
What else can I help you with?
How should I handle my finances to save money for kids' college?
You should start a saving account for your kids college funds and only make it to where you can take money out if needed and that way no one can get into it except you and your kids when they start college.
My dads sister is on his checking account but not on the will which is to be divided between the kids. can she legally take the money for herself even if the will say to divide between the kids?
It depends on how the checking account is held. If the account is a custodial account it will pass according to the will, then she cannot take the money. However, if this is a joint checking account, in the eyes of the bank she is a co-owner and is legally permitted to take the money.
Should kids have their own credit cards?
No. Many adults have problems with them and I know many children don't really understand the idea of "credit". A savings account and conversations with the parents about money is what is needed.
Can child support take money from my wifes account only in her name. she has no ties to my kids.?
no
Would we allow a Guardian to withdraw half of IRA from Ward she is not the beneficiary and she wants to open a personal account for herself and her husband?
THE GUARDIAN IS NOT ALLOWED TO TAKE THE MONEY OUT TO USE FOR THEMSELF. oNCE THE MONEY IS IN THE GUARDIAN/COVERDELL ACCOUNT, THEN THE MONEY IS THE KIDS.
What is the answer to Since I got married I have more blank?
Space in my bank account. Money Romance Kids Stress Bills Fun Weight
Why did kids have to work during the revolution?
Because the war was just over, so people wanted to have a good and relaxed life.. they wanted to have parties, and all that fun stuff. And to do that they needed good party stuff and to buy that they needed money.... and so kids were working to have some money, to help their family.. GREAT DEPRESSION. REMEMBER.
Are there any banks for children to store their money?
All banks do that. All banks have facilities where kids can open bank accounts. However, they will require an adult to be a joint holder or guardian for the account until the kid turns 18. The kid can visit the bank branch themselves to deposit any cash they want (you can even deposit $5 or $10 into a kids savings account). Actually banks these days are encouraging kids to have their own bank account in order to educate them about money and how to save for a better future.
Can kids make a savings account?
Yes kids can.
What are some special abilites needed to become a pediatrician?
you have to love kids, love working with people, and have lots of money and time for college!!
Why did Victorian children catch rats?
kids were ratcatchers for they were poor and dearly needed money so this grounging in hay and homes led to their nourishment
Why are pediatricians needed?
pediatricians needed to treat kids
