Read the text and choose the best answers. Bank accounts for teens To become independent, teens need to learn about financial responsibility. Managing a bank account provides first-hand (31) ________ and valuable lessons about saving and spending money. First, do some research on banks in your area and choose one. Go to its website to find out the different types of bank accounts and what you can use them for. Get some (32) ________ from your parents as well. Then call the bank to make a(n) ...

Read the text and choose the best answers.

Bank accounts for teens

To become independent, teens need to learn about financial responsibility. Managing a bank account provides first-hand (31) ________ and valuable lessons about saving and spending money.

First, do some research on banks in your area and choose one. Go to its website to find out the different types of bank accounts and what you can use them for. Get some (32) ________ from your parents as well.

Then call the bank to make a(n) appointment during office hours and go there to discuss your bank account and fill in an application form. You will also need proof of your (33) ________ and some money to put in your new account. If you’re under 18, you may also consider having a joint account with a parent. This way, your parents will be kept informed about any activity in the bank account.

A bank account can teach you how to save and spend money. You’ll learn the value of money and get into the habit of saving money. Try to regularly put pocket money, (34) ________ gifts received for birthdays, or any earnings from part-time jobs into your account, and watch your savings grow.

Experts say having a bank account is a great way to learn about banking services and apps and to (35) ________ your financial abilities. Building your money knowledge, skills, and habits can prepare you for independent living.

Managing a bank account provides first-hand (31) ________ and valuable lessons about saving and spending money.