Please advise me on kids bank account?
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andria
Apprentice
Joined: 26 May 2004
Posts: 7
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 Posted: 01/24/08 - 10:26 Post subject: |
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| Do you think that kids bank account is a good idea? I think that, no matter how it teaches your child to save; it also teaches him how to be greedy and how to depend on money. Is this what may happen to your child when opening an account just to get him interested in these matters? Also, how much money would you deposit there at the beginning? |
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sheila-kathryn
Apprentice
Joined: 12 May 2005
Posts: 6
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| Posted: 02/23/08 - 02:11 Post subject: |
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| If you are suspicious about kids account purposes than I don’t think you should do that against your belief. However, I think that it is a great idea and a good way to teach your child how to handle money, on time. So that he can never get in the trouble with cash, later... I don’t think that you should deposit too much, for your child may give up on savings and decide just to get the money immediately. |
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