Getting Kids to Start Saving Money

Tips for turning your good intentions into money in the piggy bank (or a real one) for preschool through high school.

To mark America Saves Week, a number of new studies underscore the fact that America doesn't save enough. One survey, which focused on children, found that parents overwhelmingly feel it's their responsibility to teach their kids about money and savings but that they don't always follow through. Of 2,000 parents interviewed by, a financial-education and family-organization Web site, 63% said their children under 18 have a savings account; but only 43% of the parents review bank statements with their kids monthly, and just 28% of children have looked at their account balances online.

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Janet Bodnar

Janet Bodnar is editor-at-large of Kiplinger's Personal Finance, a position she assumed after retiring as editor of the magazine after eight years at the helm. She is a nationally recognized expert on the subjects of women and money, children's and family finances, and financial literacy. She is the author of two books, Money Smart Women and Raising Money Smart Kids. As editor-at-large, she writes two popular columns for Kiplinger, "Money Smart Women" and "Living in Retirement." Bodnar is a graduate of St. Bonaventure University and is a member of its Board of Trustees. She received her master's degree from Columbia University, where she was also a Knight-Bagehot Fellow in Business and Economics Journalism.