Teaching Children to Save

My daughter was complaining that she did not know how she was going to teach my grandson how to save money. He likes to spend his alloted amount each week and then ask for more. His Grandpa's suggestion was to take a five gallon water jug and start putting his change in it at the end of every day.

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Joshua has become very proud of his savings in the bottle, he can actually see the amount grow each week. Now, every time we go to visit, Joshua will ask if Grandpa has any change in his pocket to add to his savings bottle.

Once the jar is filled he will also have fun rolling the money to take to the bank. Do not use the machines at the grocery stores to roll your change, as they end up costing you about 7% of what you have rolled. That is, of course, unless you have an account at an institution like Commerce Bank, which offers the service gratis - a rare commodity these days in banking.

By Bobbie G from Rockwall, TX

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