Bradford National Bank 150th Anniversary Logo
Bradford National Bank
Online Banking Login
Login to Bradford National Bank Online Banking
Forgot Password
Sign-up for Online Banking
Sign-up for BNB Online Center

Bauer Financial Five Star Rating Logo

Bradford NATIONAL Bank


Raise a Real Smarty Pants

By Randy Alderman

   Anytime is a good time to start teaching financial responsibility. Educate the children in your life and secure a healthy relationship between earning, spending and saving.

   It’s important to teach children of all ages the necessary skills to make effective and informed money management decisions.

   Make sure children know the basics.
1. You need money to buy things.
2. You earn money by working.
3. There’s a difference between needs and wants.
4. People work and earn money to buy what they need and some wants.
5. Save money to use later as needs and wants arise.
6. Your savings has a chance to grow with compound interest.
7. Giving out personal financial information can be dangerous — ask a parent or guardian first.
8. Check your Bradford National Bank account balance before making a debit card purchase.

   There are multiple money management teaching tools. You can start with a simple allowance and progress into more advanced options as your children get older.

   Provide children the opportunity to learn about managing their own money.

· Give children a weekly allowance. It can be:
· Tied to household chores.
· A commission- or performance-based allowance.
· Use envelopes or jars for spending and donating.
· Support entrepreneurial options such as a lawn mowing business.
· Open a Bradford National Bank savings account in your child’s name to teach budgeting and investing.
· Keep the dialog open with an appropriate amount of detail.

   Ask Bradford National Bank customer service representative how to open a checking or savings account for the children in your life and raise some real smarty pants!

Click Here for more information about our new online services
Bradford National Bank : A Real Community Bank