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As
Seen in Newsweek,
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BetterBudgeting.com
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Thrifty Money-Saving Tips "Kid
Money"
My
money-saving tip is for your kids. At the stores when I pay for things
with cash I always use bills, and avoid trying to dig through for exact change.
When we get home I hand each of my kids the change from my pocket (I have two so
I try to do my best to divide it up equally) and have them put it in their own
piggy banks. More...
When their banks are full we take them to the bank (if your bank doesn't take large amounts of change they will usually supply you with paper rolls so you can roll the coins at home and bring those in). The kids get EXCITED about putting money into their bank, and love visiting the bank (we go to a smaller bank where everyone knows us and gives the kids sugar-free suckers). This is a way to teach your kids about saving money, and it forces you to "save" money for them. We plan on using these accounts for college savings. The first year we did this each kid had about $40 each in their account. Also the kids are allowed to claim any change they find around the house, in the car. We call it "kid money!" * * * February 2008 Tip Rewards Runner Up!!!
Earn cash for your money-saving tips at BetterBudgeting.com! Submitting a money-saving tip for our monthly Tip Rewards contest is EASY to do! Please visit this page for more info! Want more money-saving tips? Get a FREE Subscription to our monthly newsletter!
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