Help Them Open a Checking Account—And Set the Tone for Independence

One of the most empowering things a young adult can do is open their first checking account. It’s a rite of passage that turns money from “something parents handle” into “something I can manage.”

A checking account teaches budgeting, responsibility, and financial literacy in a real-world, hands-on way. Whether they’ve just landed a part-time job, are heading off to college, or need a way to pay for their own expenses, now’s the time to help them take this leap.

Why it matters:

• Teaches them to manage deposits, withdrawals, and budgeting.
• Sets them up for online banking and digital payments.
• Helps them avoid relying solely on cash or debit cards tied to your account.

How to help:

• Discuss the difference between banks and credit unions.
• Review what to look for in a checking account: no monthly fees, good mobile access, and solid customer service.
• Encourage them to get a linked savings account—starting the habit of saving while they're young makes a huge difference.

Our free printable checklist makes the process simple and stress-free. It's a great way to walk through this step together—or to hand off with a little encouragement if they’re doing it solo.

Grab our free checklist on our FREE Resources page

And don’t forget the gift that keeps giving: Unsolicited Advice for the High School Graduate: A Practical Guide for Becoming Independent—a fun, friendly guide full of real-life advice that’ll help them thrive.