The First National Bank of Dad: The Best Way to Teach Kids About Money by David Owen

 The First National Bank of Dad: The Best Way to Teach Kids About Money by David Owen - Photo 

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 t...more


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2 Recommendations

  • esh

    's recommendation

    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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  • socalmom

    's recommendation

    The idea of giving your kids monthly interest to incent them to save is terrific.

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