thread: Finally opened kids accounts

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  1. #1
    Registered User

    Mar 2006
    4,542

    We have accounts for the kids and were putting in $5/week each but we have stopped that at the moment and will also give it to them when they are 18. I don't bank it regliously if we need it else where and I have used that money for clothes and stuff for them.
    I really do like Divvys idea of matching there savings and also rewards for good grades. Definitely food for thought there.

  2. #2

    Mar 2004
    Sparta
    12,662

    My boy's have money boxes. When the boxes are full they spend some, save some and give some to a charity of their choice.

  3. #3
    Registered User

    Apr 2008
    Adelaide
    1,741

    Olive we have been considering doing something similar but putting the money into an offset account against our mortgage