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The Young Americans Bank (YAB) is an American bank specifically set up for young people under the age of 22. [1] Although designed to teach children and young people how to manage money, Young Americans Bank is a full for-profit, Federal Deposit Insurance Corporation -insured financial institution. [ 2 ]
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The service encourages users to follow four principles or "rules": Give every dollar a job: Each dollar in a budget is allocated to a specific purpose. This concept is also called zero-based budgeting. [7] Embrace true expenses: All expenses are planned for, so that there are no surprises.
YAB or yab may refer to: Arctic Bay Airport (IATA code), Nunavut, Canada; Yab (programming language), a version of Yabasic; Yamaguchi Asahi Broadcasting, a television station in Yamaguchi Prefecture, Japan
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