The FutureTeaching Children About Investing |
What is another way to encourage children to save money? |
As with your employer’s matching program for your 401(k) retirement plan, you can also match what your child puts into his account. Some experts have suggested making this match for a long-term goal, such as the purchase of some new game or clothes. The match will allow your child to see how fast his money has grown, which will boost his self-esteem as well.