Having a bank account is the perfect way for kids to save the money that they paid to themselves first – a hallmark Kids Ride to Riches money management tip. A bank savings account shows kids how money can earn money on its own -- through compound interest. Give kids a compound interest table, available from Kids Ride to Riches, to let kids anticipate how their money can grow. Parents can also plan regular visits to the bank so that kids become comfortable with financial institutions. Our Kids Ride to Riches clients receive detailed strategies for learning great money habits and other items on this financial lifeline.