Early Financial Lessons Shape a Lifetime of Impact
A recent article from ScienceDaily revealed what many parents instinctively understand—childhood experiences with money play a powerful role in shaping financial literacy later in life.
Children who observe, discuss, and even participate in basic financial decision-making with their parents are more likely to develop stronger financial habits as adults.
At UNest, we believe that financial education doesn’t begin in school. It starts at home.
The ScienceDaily study outlines how early exposure to savings, budgeting, and financial planning lays a foundation for financial confidence. UNest helps parents put this into practice every day.
Here’s how UNest supports early financial learning:
- Make savings visibleWhen parents open a UNest account, they can show their child what it means to save regularly and invest for the future. That visibility builds real understanding.
- Encourage questions and conversationsUNest accounts become an easy entry point for financial discussions. Kids learn what money is for—and how powerful it can be when used wisely.
- Engage the whole familyWith features like UNest Rewards, saving becomes a family-wide event. Grandparents, godparents, and friends can all contribute, modeling healthy habits across generations.
- Empower kids with purposeWhen savings are tied to specific goals—a first car, college tuition, a future business—children connect effort to outcome. It’s one of the best lessons they can learn.
As the ScienceDaily article concludes, financial literacy is learned, not inherited. With UNest, families can break cycles of financial uncertainty and replace them with knowledge, confidence, and a stronger future.📲 Start building habits that last a lifetime with UNest.Click here to Download UNest
Don't just take our word for it
Hear what trusted money experts say about why UTMA and UGMA accounts can be a smart way to invest for a child’s future.
There are some tax advantages to using UGMA and UTMA accounts… Since they’re in your child’s name, the accounts will be taxed according to their tax bracket… There are no contribution limits on UGMA and UTMA accounts.
Dave Ramsey
Personal Finance Expert
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Investing for your kid’s future
Dave Ramsey
Personal Finance Expert
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...you could consider opening an account where you can dive deeper with the kids by your side. The easiest way to do so is to open a custodial account, known as an UGMA ... or UTMA ... account.
Jill Schlesinger
Emmy winning Business Analyst
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Straightforward “starter” investing account for kids
JILL SCHLESINGER
Emmy winning Business Analyst
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You can give children money that can accumulate somewhat tax-free over time... I love them (UTMAs) because they were like, trusts that you didn't need lawyers to create.... I think it's one of the better tax breaks around though. I know hunting for tax breaks may not sound very exciting, but that's how you take care of your family.
Jim Cramer
CNBC Host
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Give children money that can accumulate over time
Jim Cramer
CNBC Host
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