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The Match Game

by David McCurrach

Sometimes saving benefits from a little extra encouragement. Children commonly feel their saving goals are unattainable and their efforts inadequate. You may need to help them a little.

Consider matching anything they save. It could be as generous as if you save $2,500 for a car, we'll give you another $2,500; or, as limited as if you save $12 for that game, we'll give you the other $12.

You may want to present the idea as interest on savings. If so, you can use this opportunity to show them how long it takes to double their money in a bank or credit union account.


Excerpted from:

Excerpted from Allowance Magic: Turn Your Kids Into Money Wizards® 2003 by David McCurrach. All rights reserved including the right of reproduction in whole or in part in any form. Used by arrangement with Kids' Money Press.

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