Money: a necessary good
From sending your kiddo to look for coins in the couch to sending them off to college with a credit card, teaching about money happens whether you want it to or not. It’s just a matter of what they’re learning. In this helpful article, we outline five important reasons for intentionally teaching your kids about money early on, plus some additional tools to help get you started.
Our Piggy Bank Match is back! If your kiddo has been working hard to fill their piggy bank, it’s a great time to open their first Simply Savings Student account. When you open one online or in your nearest branch, we’ll match their opening deposit up to $25.*
Helping your kiddos make smart money decisions
At UBT, it’s our job to help your whole family be the best you can be, financially — starting with your family’s youngest members. Basic budgeting and other money management skills are invaluable. So, we put together 10 tips to help you help your offspring save, spend, and allocate funds wisely. Read on to learn more!
Allowance as a teaching tool
Many parents offer their kids a weekly stipend for their spending without thinking too much about it. But an allowance can be used as a valuable tool to give your kids a head start on learning about money, including how to budget, how to prioritize needs and wants, and how banks work. Starting early really is key to building strong financial foundations (but trust us, it’s never too late). Click through for tips and suggestions around teaching with intention using the almighty allowance.
Digitize your allowance plan
We all want our kids to have a good grasp of finances. Just by making purchases, paying bills, and doing our banking, we’re teaching or kids about money, whether we realize it or not. And using online banking, like UBTgo, can not only help you distribute allowance and help guide your kids’ spending, but it can also be used for some pretty cool financial lessons, as well. Read on to learn easy, helpful ways to simplify your life while enhancing your allowance plan with digital banking features.
Tools for kids
As any wise parent will tell you, kids are more apt to get on board if you make it fun. Kids of all ages can be more easily engaged in the financial process with a little technology and a bit of a challenge. And getting some careful lessons from you on transferring money between family and friends with the Zelle® digital payment service can serve as incentive for all but the tiniest tots.
Chores are the most common way for kids to make money, but sometimes getting started can be a bit tough. We’ve put together some downloadable goodies for you and your kiddos — everything from savings and chore charts to suggestions for age-appropriate chores. Check them out now!
Is it time for your child to have a checking account?
As money management goes, we can’t help but feel a swelling sense of pride when our kiddos begin to grasp basic financial concepts or even the nuts and bolts of allowance. And when they do, we can’t help but wonder if they’re ready for the next step: a checking account. The friendly experts at UBT have put together a handy guide to help decide if a new account is in your child’s future — and even outlined some tools to make the next leg of the financial journey a smoother one for both of you. Read on to learn more.
If it’s time to open a bank account for your kiddo, start with our Simply Free Student checking account! It’s the perfect account to help them learn about managing their money — while also giving you just enough control to help them learn safely.
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Learning Center articles, guides, blogs, podcasts, and videos are for informational purposes only and are not an advertisement for a product or service. The accuracy and completeness is not guaranteed and does not constitute legal or tax advice. Please consult with your own tax, legal, and financial advisors.
*To qualify for the promotion, you cannot be an owner on an existing Union Bank savings account. Promotion available to ages 13 and under. A parent/guardian or grandparent must be a co-owner of the account. Open a new Simply Savings Student account, make an opening deposit, and Union Bank will match your deposit up to a maximum of $25. The deposit match will be credited to your account within 10 days of account opening. Account must be opened in-person or online between 6/1/2026 and 8/31/2026. Limit one per child. This offer can be changed or discontinued at any time without notice and cannot be combined with any other offer. If your balance is zero, we may close your account. Your account must be open, in good standing and must have a balance greater than zero when the bonus is paid. Offer may not be available if you live outside of the Union Bank footprint. Member FDIC.
