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What's the best way to get my child started with a savings account?
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The best way to get your child started with a savings account is to open one together. You can do this at any bank or credit union, and you'll need to provide proof of your relationship such as a birth certificate or marriage license. Once you've opened an account, it's important to teach your child how to manage money responsibly by setting up a budget and teaching them about interest rates and compounding. Additionally, you should encourage your child to save regularly and make saving a part of their daily routine.