Canonical URL: https://giftcard.news/research-trends/evolve-banking-discusses-teaching-kids-the-importance-of-saving-money-93033ec2e56b/ --- description: Evolve Bank outlines how families can use money gifts, savings accounts and age-appropriate goals to explain saving and the distinction from investing. title: Evolve Bank Links Children’s Savings Lessons With Gifts and Practical Goals image: https://giftcard.news/images/social/v1/evolve-bank-links-children-s-savings-lessons-gifts-practical-goals-45d2a8179b652e1eea383f24e124a497.jpg --- 1. [Home](https://giftcard.news/) 2. [Research & Trends](https://giftcard.news/research-trends/) # Evolve Bank Links Children’s Savings Lessons With Gifts and Practical Goals Evolve Bank outlines how families can use money gifts, savings accounts and age-appropriate goals to explain saving and the distinction from investing. By [Maya Bennett](https://giftcard.news/author/maya-bennett/) July 25, 2022 1 min read Share [ ](https://x.com/intent/post?url=https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fevolve-banking-discusses-teaching-kids-the-importance-of-saving-money-93033ec2e56b%2F%3Futm%5Fsource%3Dx%26utm%5Fmedium%3Dsocial&text=Evolve%20Bank%20Links%20Children%E2%80%99s%20Savings%20Lessons%20With%20Gifts%20and%20Practical%20Goals "X") [ ](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fevolve-banking-discusses-teaching-kids-the-importance-of-saving-money-93033ec2e56b%2F%3Futm%5Fsource%3Dlinkedin%26utm%5Fmedium%3Dsocial "LinkedIn") [ ](https://wa.me/?text=Evolve%20Bank%20Links%20Children%E2%80%99s%20Savings%20Lessons%20With%20Gifts%20and%20Practical%20Goals%20https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fevolve-banking-discusses-teaching-kids-the-importance-of-saving-money-93033ec2e56b%2F%3Futm%5Fsource%3Dwhatsapp%26utm%5Fmedium%3Dsocial "WhatsApp") ![Source image for Evolve Banking Discusses Teaching Kids the Importance of Saving Money](https://giftcard.news/images/variants/v1/evolve-bank-links-children-s-savings-lessons-gifts-practical-goals-source-image-w1280.webp) Photo: Source: getevolved.com [Evolve Bank & Trust](https://giftcard.news/company/evolve-bank-trust/) has outlined ways parents can introduce saving alongside the spending decisions children already observe. Its July 25, 2022 article notes that a child may first handle money through a gift or see it used when a parent pays for a purchase. The bank proposes making saving visible as well: discussing a piggy bank, explaining a savings account and showing how part of a paycheck can be set aside. The emphasis is on connecting the conversation with an action a child can understand. Interest provides another teaching example. Evolve suggests showing children how money retained in a savings account can earn a return over time, while keeping the explanation proportionate to the small amounts typically involved in an introductory account. The article separately discusses an adult-managed custodial investment account as a way to introduce investments. It acknowledges the different risk and return characteristics, so this example is distinct from simply putting money into a savings account. Goals are intended to change with age. Evolve suggests a near-term purchase such as a toy for a younger child and progressively longer-term objectives as the child grows. Money received as a gift can therefore become a concrete example of the choice between an immediate purchase and saving toward a later one. ## Sources and documents ExpandCollapse * [Teaching Your Kids, The Importance of Saving](https://www.getevolved.com/teaching-your-kids-the-importance-of-saving/?utm%5Fsource=giftcard.news) — getevolved.com ## In this article ### Companies * [Evolve Bank & Trust](https://giftcard.news/company/evolve-bank-trust/) Share [ ](https://x.com/intent/post?url=https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fevolve-banking-discusses-teaching-kids-the-importance-of-saving-money-93033ec2e56b%2F%3Futm%5Fsource%3Dx%26utm%5Fmedium%3Dsocial&text=Evolve%20Bank%20Links%20Children%E2%80%99s%20Savings%20Lessons%20With%20Gifts%20and%20Practical%20Goals "X") [ ](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fevolve-banking-discusses-teaching-kids-the-importance-of-saving-money-93033ec2e56b%2F%3Futm%5Fsource%3Dlinkedin%26utm%5Fmedium%3Dsocial "LinkedIn") [ ](https://wa.me/?text=Evolve%20Bank%20Links%20Children%E2%80%99s%20Savings%20Lessons%20With%20Gifts%20and%20Practical%20Goals%20https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fevolve-banking-discusses-teaching-kids-the-importance-of-saving-money-93033ec2e56b%2F%3Futm%5Fsource%3Dwhatsapp%26utm%5Fmedium%3Dsocial "WhatsApp") ![Portrait of Maya Bennett](https://giftcard.news/images/variants/v1/maya-bennett-editorial-portrait-w320.webp) About the author ## [Maya Bennett](https://giftcard.news/author/maya-bennett/) Journalist — Rewards & Loyalty Maya Bennett covers customer loyalty, employee rewards and incentive programmes for Gift Card News. From reading to building ## Your next move in gift cards. Tell us what you’re building. We’ll help you explore suitable providers. [Find a provider ](https://giftcard.news/find-a-provider/) ## Related articles [Research & Trends](https://giftcard.news/research-trends/) Analysis ### [AI Can Shop for You. Can It Spend Your Gift Cards?](https://giftcard.news/research-trends/ai-can-shop-for-you-can-it-spend-your-gift-cards/) [Oliver Reed](https://giftcard.news/author/oliver-reed/) September 17, 2026 17 min [Research & Trends](https://giftcard.news/research-trends/) Analysis ### [Gift Card Fraud in the United States](https://giftcard.news/research-trends/gift-card-fraud-in-the-united-states/) [Oliver Reed](https://giftcard.news/author/oliver-reed/) September 17, 2026 66 min [Research & Trends](https://giftcard.news/research-trends/) Analysis ### [Can You Cash Out Your Gift Card? 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