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Does Your Baby Have a Savings Account?
One parenting task is to teach children how to budget and save money, but most moms and dads take savings into their own hands in the beginning. Many open a bank account for the child when they are an infant, while others may wait until the child is a bit older before stowing away the cash.
Despite your personal views on getting your tot started financially, the government is considering making the first deposit into your babies savings account by giving all newborns born in the United States a $500 contribution, which could later be used for education, a first home, or retirement.
Are You Ditching Date Night to Stash Cash?
While President Obama may have declared the economy has stepped back from the brink, families are still playing it safe and trying to save a buck when possible. Many couples I know who used to have standing date nights have cut back on the sitter and have started inviting friends over for dinner in an effort to stash some cash. Has the recession caused you to cut back on dates with your hubby?
Five Tips For Introducing Tots to Saving
Your tot may not be the one paying taxes, but he might have spent time with you in a long post office line or your accountant's office today. In honor of this dreaded tax day, take the opportunity to teach your youngster some fun ways to save money before he has to hand it over to Uncle Sam. The earlier we provide our children with a financial education, the more ingrained it will be in them.
Ecomomics: Empty Those Piggy Banks
The coins tossed in your kiddo's ceramic bank certainly add up! My tots have been filling up their piggy banks with spare change for quite some time so it was no surprise when my five-year-old could no longer lift hers off the bookshelf.
On a recent rainy afternoon, we decided to break it open and count coins.
ATM Machine Bank: Kid Friendly or Are You Kidding?
Money, money, money — do kids like playing bank? The invention of plastic cell phones and mini laptops were somewhat expected, but the Summit ATM ($30) caught me by surprise. Tots can play drive–through, only instead of just sitting pretty, this box of plastic is actually a working bank.
Pimp Your Crib: My Little Nest Egg
You'll probably warn your wee one not to put all of his eggs in one basket at some point in time. But, there's no harm in stashing all of his pennies in an eggshell. A twist on the traditional piggy bank, your tot will delight in having his own My Little Nest Egg ($25) for future savings.
Lil Tip: Teaching Baby About Money
My wee one isn't even two–years–old, but I'm already thinking about how I will teach her to be financially responsible.
To learn about a fun way to teach your tot a thing or two about money, read more
How Much Does the Tooth Fairy Leave at Your House?
My sister called me in a conundrum the other day. Her daughter is about to lose her first tooth and she wanted to see what the going rate is for pearly whites. We agreed 50 cents did the trick for us when we were tots.
Other Search Results
Even Teen Burglars Have Soft Spots For Babies
Tonight on the 6 'clock news — thieves feeding babies. Sounds crazy but that's what happened to a family in Indianapolis. While two high school students were robbing a house, a baby started to cry.
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