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Bribing kids to save money.....?

March 24th, 2008 at 08:45 pm

I guess I'll say it is REWARDING the kids for saving money! At Easter time my kids have gotten too old for stuffed bunnys and crayons, so they have VERY generous family who give them lovely cards with money in them. (Not me! I still give them just candy and a special treat). Each child made off with $50 total. I told them if they put $20 of that in their savings account, I would add $5 to their account too. Bingo! All three stashed the cash! I'm so proud! Smile

Posted in The girls, Saving Money | 6 Comments »

6 Responses to “Bribing kids to save money.....?”

  1. Thrifty Ray Says:
    March 24th, 2008 at 08:48 pm

    Instant interest! Id much rather donate $5 and boost the savings than have them blow it all on whims. Good call mom!

  2. baselle Says:
    March 24th, 2008 at 09:25 pm

    Yeah, isn't that what interest is for adults? Bribing you into putting money into savings? Big Grin

  3. Ima saver Says:
    March 25th, 2008 at 07:11 am

    That is great!

  4. homebody Says:
    March 25th, 2008 at 07:51 am

    Great idea!

  5. frugaltexan75 Says:
    March 25th, 2008 at 08:08 am

    Very smart mom Smile

  6. Karen Says:
    March 25th, 2008 at 09:21 pm

    That's a great idea. I used to match my kids savings deposits, but it got too steep! I like the idea of putting in a percentage. Good math lesson as well.

    And Fr. Hopping -- very cute indeed!

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