Cope with limited funds.
You might like to encourage kids to place away a portion for charity and another part for savings. If so, let them select where to donate the money. It might be a cause that a child can relate with in a few real way, like an pet shelter or a group that helps sick kids. If some of the allowance goes to savings, consider setting up an account at an area bank. This method, your son or daughter can keep an eye on the money. Many banks present special bank makes up about kids, and yours may enjoy the experience of getting mail, if the mail is a bank statement actually. (more…)