A Great Way to Encourage Kids Savings Accounts

kids savings accounts

A friend of mine recently shared with me one of the ways she encourages her children to save. Much like a 401(k) employer-contribution program, my friend’s method involves matching the money her kids are willing to put away in accounts for future purchases.

I love this idea for so many reasons.

Right now my kids are little, earning very little. They get a dollar or two here and there for doing chores. Sometimes when grandma comes to visit she’ll give the $5 for making good grades. After they tithe 10%, they save 10% of what they have been given. This translates to increments of $.10-$.50. Watching this grow takes patience. Plus, if they are investing in short-term savings for something special it’s easy for them to get discouraged.

While I do want my little ones to practice growing their wealth little by little overtime, I don’t want them to get discouraged and lose interest in achieving their goals. This can easily happen with young minds and short attention spans.

Here are some things you will need to do before you get stated:
  • Decide on the percentage of your child’s contribution you’re willing to match. Maybe it’s 100% percent for little ones and 50% for big ones?
  • Determine a maximum amount you’re willing to contribute each month. As the kid’s get older they’ll likely increase their contributions. Your portion may become more then your budget allows.
  • Choose what, if any, special projects you were willing to partially fund using this method. Are you contributing to their long-term savings or the iPad they’ve had their eye on?
  • Once you’ve established what you will do, layout the plan for your kids in a way they will understand.

By matching what’s put in your kids savings accounts, you can help your little ones stay focused on their saving goals. This will encourage them, knowing that you are walking along on the process with them. As the kids get older it may even motivate them to put aside more because they know it will provide a greater return than that pack of gum they’re tempted to buy.

Making and Keeping Friends

making and keeping friends

One of my little ones had a little trouble navigating the choppy waters of friendships at school last year. It broke my heart to see her cry about girls that were her friend one day and not the next. It didn't seem fair, that at such a young age, making and keeping friends was so hard. I wasn't ready for this. When she was younger it was easier. While talking to my daughter it occurred to me that I hadn’t spend much time talking to her about how to choose good friends. I also realized that … [Continue Reading...]

5 Easy Steps to Fine Tune Your Family Mission Statement

mission statement

I am doing a series over at Circles of Faith called Life on Purpose. In my first post, I talked about how my husband and I we started the process of creating a family mission statement. Equipped with oversized sheets of paper, magic markers, and pens, we discussed and wrote down our passions, our core values. We didn’t craft our official mission statement right away. Instead we took the idea of living on a mission a bit further by talking about family culture and what we wanted out family … [Continue Reading...]

Scripture Memory and Prayer Cards for Kids – Friendship


It’s time to go back to school and my kids are looking forward to seeing their friends again. They’ve spent a handful of time with some of them these last few months, but for the most part it’s been difficult to connect because everyone’s travel and camp schedules have been different. Once they get to school they’ll be reunited with old friends, be re-acquainted with others, and even meet new kids. I want to equip my children to make good choices when it comes to friendships so I am teaching … [Continue Reading...]

Back to School Clothes – 4 Steps to a Creating a Budget for Kids

back to school clothing budget_650

  Buying back to school clothes creates the perfect opportunity to teach your kids about working with a budget. In many parts of the country, kids are already back to school, but not in New Jersey. We still have a few more weeks to enjoy long days at the pool and summer nights eating ice cream and catching fireflies. In just a few short weeks I will be back to packing lunches and shuttling kids back-and-forth to sports practice. One of the things I’ll need to do to prepare for the … [Continue Reading...]

Sings Over Me

sing over me

When my daughter Ava was itty-bitty, Target ran a commercial advertising its wedding registry. A catchy tune played as images of wedded bliss, which included stylish kitchen and bath items, danced across the screen. The melody got stuck in my head and I couldn’t help but sing it to Ava while I changed her diaper and got her ready for bed. I love to be with you I love you love you love you love you love you I do I love to be with you You know I love you I do When my son was just as … [Continue Reading...]

Notes From a Blue Bike Book Review


I was so excited to have the opportunity to review Tsh Oxenreider’s new book Notes From a Blue Bike, The Art of Living Intentionally in a Chaotic World. Even though I’ve heard her speak and visited with her blog many times, I was not familiar with her story. As an expat living in several different countries, including Turkey and Kosovo, Tsh encountered life lived more intentionally, and at a slower pace. Once her and her family moved back to the states they were unsettled as they began to … [Continue Reading...]