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According to CNBC, Americans are unknowingly losing more money than they think with late fees and overdraft charges. These expenses and even fraud cost Americans approximately $600 per year.
How would an extra $600 per year impact your life?
$600 a year might not seem like much, but it can serve as the foundation of an emergency fund, college fund, or retirement account. These little amounts can significantly grow over time due to compound interest.
Instead of spending this amount, your child could invest it in a secure environment like a Fidelity Youth Account! With this environment, you could monitor your child’s spending and investing via parental controls.
This account also offers free education on key financial concepts via blog posts, videos and live webinars series.
Get A Head Start On Investing With A Fidelity Youth Account!
Teens as young as 13 can start investing with a Fidelity Youth Account. There is no minimum initial investment and they can start investing with as little as $1 into typical investments like mutual funds, ETFs, and stocks in fractional amounts.
They can save even more money since there are no account fees, minimum maintenance requirements, ATM fees or other surprise fees.
Open a Fidelity Youth Account today to receive $100 and $50 for your child.
The Fidelity Youth Account can only be opened by a parent/guardian. Account eligibility limited to teens aged 13-17.
¹Limited Time Offer. Terms Apply. Before opening a Fidelity Youth Account, you should carefully read the account agreement and ensure that you fully understand your responsibilities to monitor and supervise your teen’s activity in the account.
Image sourced from Shutterstock
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Image and article originally from www.benzinga.com. Read the original article here.