Budgeting ExpensesTeaching Our Children About Finances |
What is another way to encourage children to save? |
Like your employer’s matching program for your 401k retirement plan, you can also match what your children put in to their account. Some have suggested making this match for a long-term goal, like the purchase of some new game or clothes. The match will allow the child to see how fast the money has grown, and will really boost self-esteem, as well.