November 11, 2014
Helping Your Children Learn How to Save Money



Hi Dr. Laura, 

My name is Ellen. I have listened to your show for years. I have three grown daughters. When my girls each turned five years old my husband and I took them to the bank to open a savings account. We made them put 1/2 of all the money they got as gifts or earned working in the savings account. When they graduated from high school and went off to college they had saved enough money to buy a used car and have spending money so they did not have to work while they attended college. 

To this day all three of my girls are good savers and don't live pay check to pay check and understand the value of money. 

Your Loyal listener, 

Ellen



Posted by Staff at 10:57 AM