January 30th

January 30th, 2009

Dion and I made an allowance plan back in December. But we didn't want to start giving the kids allowance until they got savings accounts set up. So we put savings accounts on our things to do. By the way our things to do list is pretty long.

On Tuesday I stopped at the bank to deposit a check on my way to school with Nicholas and they gave me a flyer about a fun activity they were having today.

Kids got to come in and grab as much fake money as they could get in their hands out of a jar and whatever they pulled out the bank would give to them to put in their account. Jonathan grabbed almost 7 dollars and Nicholas grabbed almost 4. They also deposited part of their first allowances.

Jonathan was so cute. We talked about how the money he deposits in the bank is long term savings, that he wouldn't use it until like 10 years from now (that is about as long as he can conceptualize... high school). He put two dollars in today. Then he said, in ten years do you think I can have $100 dollars? We told him that if you put in $2 every week for a year you would have more than $100 dollars, and that after ten years if you kept doing that you would have over $1,000. I wish I had a picture of his eyes when we said that. He is really excited now about his long term savings! Hopefully that won't fade away when he has to keep doing it to watch it grow...