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The First National Bank of Dad: The Best Way to Teach Kids About Money by David Owen
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2 recommendations
esh's recommendation
First to recommend
Kids experience time more slowly than adults do. A year is a lifetime to a kid, so David Owen proposes giving a young kid interest earnings in terms they can get excited about. I'm giving my 9 year old son 5% interest per month and though he spends occasionally, he is very committed to saving and to earning more to put into his account so that it can grow.
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Updated Jul 26, 2006
socalmom's recommendation
The idea of giving your kids monthly interest to incent them to save is terrific. (via esh)
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Updated Aug 10, 2006
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