Quote:
Originally Posted by onewhippedpuppy
I'd like to get better interest than a typical savings account, but think that level of simplicity.
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Wouldn't we all.
Giving them a lump sum when they're older is fine, but if you want to give them a real gift, teach them how to handle money. Read a book called
The First National Bank of Dad.
We started using the techniques in the book several years ago. It's really worked well for us. I'm very happy with my 11 year old's attitude toward money and her spending habits.