One thing we have done in trying to teach our children to be frugal as well as teaching them the value of a dollar is to have them each deposit 1/2 of their paycheck from their part-time jobs into a savings account. It's an encouragement to them to see it grow as well as teaching them some frugality when they only have 1/2 of their paycheck to spend for the time between pay periods. You would be surprised how far my daughters can make $50 go!
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