
Essential Accounts for Kids by Age 16
By age 16, kids don't need every financial account out there—but they do need the right mix. This is when money starts getting real: paychecks, debit cards, spending choices, and more. In this episode we are breaking down the accounts 16 year olds should have. For more information, please visit us at Smarter Money Life. You can also view this episode with captions here: Smarter Money Life on YouTube. Reference to, or information about, any specific product or service by name, trademark, trade name, or service mark in the Smarter Money Life podcast does not constitute an endorsement of that product or service. Federally Insured by NCUA. © 2026, FORUM Credit Union. All rights reserved. Reproduction in any form is prohibited.












