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Old 04-16-2008   #14 (permalink)
angell1975
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Join Date: Nov 2004
Location: O-H-I-O Go Buckeyes!!
Posts: 642
Re: Money allowance for kids?

Quote:
Originally Posted by Willbegone
We don't limit DD. She saves her money all year and she ends up with a nice chunk usually. She saves everything from birthday money to report card money to change she finds lying around the house. She saves up until the day before we leave. We usually divide what ever she has saved per night and let her have that much per day. It has helped teach her the rewards of saving and it saves the whining for stuff. So far she has saved $275 dollars and still has 7 months to go!
We are the same, we don't limit our DD either. She also saves her money all year for our Disney trip. Anything she gets from birthdays, grandparents, spare change I get at the store, it all goes in her bank. I think right now she has about $100 and we have a little more than 5 months to go. Now, she is 4, but I think she does pretty good. It's never too early for them to start learning about saving.
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