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Home > Bribing kids to save money.....?

Bribing kids to save money.....?

March 25th, 2008 at 03:45 am

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 , Saving Money | 6 Comments »

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

  1. Thrifty Ray Says:
    March 25th, 2008 at 03:48 am 1206416918
    1206416918

    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 25th, 2008 at 04:25 am 1206419133
    1206419133

    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 02:11 pm 1206454309
    1206454309

    That is great!

  4. homebody Says:
    March 25th, 2008 at 02:51 pm 1206456693
    1206456693

    Great idea!

  5. frugaltexan75 Says:
    March 25th, 2008 at 03:08 pm 1206457714
    1206457714

    Very smart mom Smile

  6. Karen Says:
    March 26th, 2008 at 04:21 am 1206505283
    1206505283

    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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