Debbie - posted on 01/30/2009 ( 1 mom has responded )
I was thinking about getting each of my kids a savings account and putting $100 into it. I thought I'd tell them that the $100 has to stay in the account, but it's up to them to add anything else to it. My kids are 10, 7, and 15 months. Do you think it's a good idea for the 10 and 7 year old? My 10 year old pretty much spends money as soon as he gets it so I'm not sure if it'll be a wasted effort. I don't know if they'll like the idea of not being able to have easy access to their money and I'm not sure what I can do to help them learn to save. Any ideas?