What is my balance?

Help encourage your kids to save.

ADDED July 31, 2008

We opened a bank account for the kids the other day.  It’s their own bank account that they use for their personal savings.  It does not have a debt card or checks and it barely has a balance but it is a place they can put birthday money or money they earn from practicing the piano.

I certainly am no professional with money management but I hope it will help them understand how hard it is to earn money and how expensive it is to buy things. 

They both really like to go online (with my help of course) to check their balances and trips to make a deposits have been fun so far. I’ll let you know how it works out as time goes on.  Hopefully they will realize the car they want will not pay for itself.

ages 4-12, good at home, see our disclaimer, verbal activity,