What the Death of Savings Account Interest Means to Me as a Parent
Filed under: Banking, Personal Finance, Saving Money
I often have a hard time explaining to my kids why they should put some of their money in the bank.
My 9-year-old daughter — the crafty genius of the family, really — had me at one point when she asked how much she’d be paid for trusting the bank with her cash. The honest answer is that she’d get paid basically nothing.
That naturally led to her asking what the point was in putting her money in the bank, making it harder to get to, especially when she isn’t already a spendthrift.
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What the Death of Savings Account Interest Means to Me as a Parent originally appeared on DailyFinance.com on 2012-08-11T07:00:00Z.
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