Of course we want our son - who has not arrived on the earth yet - to be as financially responsible as his parents. So we are starting him off right with his own little savings account. We will also start him a college fund through Florida Prepaid. He WILL go to college. And should he receive a scholarship of some sort, it's just another savings account for us that we can cash in later.
To get him started, we took our laundry room mason jar that serves as the catch-all family piggy bank and sorted the coins. I rolled for hours while we watched a few movies from RedBox. At the end of the day, we had $65 dollars to take to the bank. Not bad for his first savings deposit! I cashed it in and will set it aside to put in an actual, tangible piggy bank for him in his room that he can add to once he's old enough to earn allowance and receive birthday money.
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