T-Bone wrote:With college costing what it does these days, any little bit helps. I hope to kinda train her to save money by doing this. She can have an allowance which will be hers, but this change will go into a different account which she won't get at. When I started working when I was 15, my parents made me put half of my check into savings. It helped me buy my first car. It works and I plan on carrying on that with my daughter. She will not get everything handed to her. Kids will respect stuff more when it's their own work going into earning it.

I still remember the Easter before I turned three, going to my mother's work picnic, and there was a game they played where all the kids got into a bunch, had to close their eyes, and a whole lot of coins got scattered around that we got to hunt for. I very proudly showed everyone that I had seven cents, and then Mamma explained that this one was worth ten cents and that one was worth 2 cents and all together I had something like 25 or 30 cents. The concept that I could have
more money than the number of coins was just so amazing! The first thing I did when we got home was call my Daddy to tell him how I had seven cents but it was more than seven it was 25 and explained to him how money worked. He drove straight over and took me right out and bought me a china piggy bank. He told me that every weekend that he had me, he would give me 50 cents (the wealth!!!!) to put in my piggy bank, and when I was five he would get me a bank account. I felt so grown up - I had no idea what a bank account was, just that grown ups had them.
I've never forgotten the routine of getting my coins to put in my china pig - or the day my Daddy picked me up at lunchtime from school, we emptied "Miss Moneypiggy" and I got my very own bank book to my very own bank account. Even now, I keep a 'piggy bank' jar to drop money in. At the end of the pay week, I transfer everything left in my ordinary account into my savings account, and I empty my purse into my 'piggy bank'. Even when I've been stoney broke, at the very least 50 cents got put into the jar.
T-Bone - your little girl is going to remember this forever. Good going, T-Daddy!