Comments on: Best Place to Save Money For Kids http://frugaldad.com/2009/07/31/save-money-for-kids/ Money Saving Insights: Coupons, Smart Spending and Promotional Codes Sun, 12 Feb 2012 17:23:02 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Anita http://frugaldad.com/2009/07/31/save-money-for-kids/#comment-47609 Anita Wed, 24 Nov 2010 07:06:31 +0000 http://frugaldad.com/?p=3257#comment-47609 As a parent, I always believe that the sooner you teach your child how to save money, spend money wisely and share it for worthy cause, the better human beings they will become. I pay them allowance via threejars tool - online for chores and good behaviour and quarterly we take out balance of threejars and deposit some percentage of it as money in bank and some is spent to get my kid what he wants. As a parent, I always believe that the sooner you teach your child how to save money, spend money wisely and share it for worthy cause, the better human beings they will become. I pay them allowance via threejars tool – online for chores and good behaviour and quarterly we take out balance of threejars and deposit some percentage of it as money in bank and some is spent to get my kid what he wants.

]]> By: Shaun http://frugaldad.com/2009/07/31/save-money-for-kids/#comment-42377 Shaun Thu, 10 Jun 2010 15:45:13 +0000 http://frugaldad.com/?p=3257#comment-42377 Giving cash is definatley cool again. :) Who wants a well thought out gift? Aside from the initial excitement of "what is it" I'd rather take the money and buy something myself, or better yet save it. :) Giving cash is definatley cool again. :) Who wants a well thought out gift? Aside from the initial excitement of “what is it” I’d rather take the money and buy something myself, or better yet save it. :)

]]> By: Meaghan http://frugaldad.com/2009/07/31/save-money-for-kids/#comment-29888 Meaghan Thu, 13 Aug 2009 21:58:03 +0000 http://frugaldad.com/?p=3257#comment-29888 It is so important to start the idea of saving right away. Your kids will just start to do it automatically as they get older...nice work! It is so important to start the idea of saving right away. Your kids will just start to do it automatically as they get older…nice work!

]]> By: DDFD at DivorcedDadFrugalDad http://frugaldad.com/2009/07/31/save-money-for-kids/#comment-29320 DDFD at DivorcedDadFrugalDad Mon, 03 Aug 2009 06:38:58 +0000 http://frugaldad.com/?p=3257#comment-29320 Good post-- The sooner you get the kids started saving, the better. Good post– The sooner you get the kids started saving, the better.

]]> By: Making Extra Money on eBay Edition | Money Smart Life http://frugaldad.com/2009/07/31/save-money-for-kids/#comment-29291 Making Extra Money on eBay Edition | Money Smart Life Sun, 02 Aug 2009 20:20:12 +0000 http://frugaldad.com/?p=3257#comment-29291 [...] Frugal Dad shares some options where you can save birthday money. [...] [...] Frugal Dad shares some options where you can save birthday money. [...]

]]> By: Sunday Money Roundup - Weeds, Weeds, Weeds Edition. | My Two Dollars http://frugaldad.com/2009/07/31/save-money-for-kids/#comment-29286 Sunday Money Roundup - Weeds, Weeds, Weeds Edition. | My Two Dollars Sun, 02 Aug 2009 13:31:04 +0000 http://frugaldad.com/?p=3257#comment-29286 [...] Frugal Dad tells you about some places for you to Save Birthday Money For Kids. [...] [...] Frugal Dad tells you about some places for you to Save Birthday Money For Kids. [...]

]]> By: Squeaky http://frugaldad.com/2009/07/31/save-money-for-kids/#comment-29245 Squeaky Sat, 01 Aug 2009 09:32:36 +0000 http://frugaldad.com/?p=3257#comment-29245 There are two purposes to investing for a child. The first is to allow as much time as possible to let wealth grow through compound interest or other means. The second is to train the child to save voluntarily. While savings bonds might come up short compared to many 529 plans in terms of wealth building, when it comes to the second goal they might do the job better. There's a tangible sense of value that goes along with a savings bond. They're fun to look at, touch, and hold. They've got pictures of inspiring people. A young child might not appreciate the difference a single percentage point of interest can make, but he or she can watch savings bonds stack up in a drawer. Somehow the act of saving, and the gradual feeling of achievement, becomes tangible in a way that isn't as easy with a 529 statement. OH! You're my new favorite blogger fyi There are two purposes to investing for a child. The first is to allow as much time as possible to let wealth grow through compound interest or other means. The second is to train the child to save voluntarily. While savings bonds might come up short compared to many 529 plans in terms of wealth building, when it comes to the second goal they might do the job better.

There’s a tangible sense of value that goes along with a savings bond. They’re fun to look at, touch, and hold. They’ve got pictures of inspiring people. A young child might not appreciate the difference a single percentage point of interest can make, but he or she can watch savings bonds stack up in a drawer. Somehow the act of saving, and the gradual feeling of achievement, becomes tangible in a way that isn’t as easy with a 529 statement.
OH! You’re my new favorite blogger fyi

]]> By: Squeaky http://frugaldad.com/2009/07/31/save-money-for-kids/#comment-29234 Squeaky Fri, 31 Jul 2009 21:55:19 +0000 http://frugaldad.com/?p=3257#comment-29234 There are two purposes to investing for a child. The first is to allow as much time as possible to let wealth grow through compound interest or other means. The second is to train the child to save voluntarily. While savings bonds might come up short compared to many 529 plans in terms of wealth building, when it comes to the second goal they might do the job better. There's a tangible sense of value that goes along with a savings bond. They're fun to look at, touch, and hold. They've got pictures of inspiring people. A young child might not appreciate the difference a single percentage point of interest can make, but he or she can watch savings bonds stack up in a drawer. Somehow the act of saving, and the gradual feeling of achievement, becomes tangible in a way that isn't as easy with a 529 statement. There are two purposes to investing for a child. The first is to allow as much time as possible to let wealth grow through compound interest or other means. The second is to train the child to save voluntarily. While savings bonds might come up short compared to many 529 plans in terms of wealth building, when it comes to the second goal they might do the job better.

There’s a tangible sense of value that goes along with a savings bond. They’re fun to look at, touch, and hold. They’ve got pictures of inspiring people. A young child might not appreciate the difference a single percentage point of interest can make, but he or she can watch savings bonds stack up in a drawer. Somehow the act of saving, and the gradual feeling of achievement, becomes tangible in a way that isn’t as easy with a 529 statement.

]]> By: Linette http://frugaldad.com/2009/07/31/save-money-for-kids/#comment-29231 Linette Fri, 31 Jul 2009 18:23:00 +0000 http://frugaldad.com/?p=3257#comment-29231 I don't have kids, but I love the idea of splitting the money up for different savings. Maybe as they get older teach them to split up the money in percentages so they can have a little fun money, college money, savings or whatever. Even if they only receive $5 and still split it up, the money will still grow nicely in any account they put it in. I don’t have kids, but I love the idea of splitting the money up for different savings. Maybe as they get older teach them to split up the money in percentages so they can have a little fun money, college money, savings or whatever.

Even if they only receive $5 and still split it up, the money will still grow nicely in any account they put it in.

]]> By: YYC27 http://frugaldad.com/2009/07/31/save-money-for-kids/#comment-29227 YYC27 Fri, 31 Jul 2009 15:16:46 +0000 http://frugaldad.com/?p=3257#comment-29227 Interesting. But a lot of these options don't apply unless your kids are getting hundreds or thousands of dollars in cash gifts. When I was growing up, I could count on cash from three relatives. Maybe $50 in total at Christmas. Interesting. But a lot of these options don’t apply unless your kids are getting hundreds or thousands of dollars in cash gifts. When I was growing up, I could count on cash from three relatives. Maybe $50 in total at Christmas.

]]>