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Old 12-14-2005, 08:17 AM
cicy33 cicy33 is offline
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Default Re: Would You Use Kids' Money to Pay Debt?

Quote:
Originally Posted by cercis
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Their bday money goes into their bottle and we don't touch that. We've decided, though, to open a special account with that money because we're getting close to $500 (or more, maybe) and getting a little afraid of having it stolen. The kids are okay with the idea because I explained about interest. We're still trying to figure out how we will decide they have earned their disney trip (what they were saving for) since the original goal was to fill the bottle.
Make a mark on the side of the bottle before you take the money out. Then when you are ready to take the money out again. measure the mark you made and then measure that distance from the top of the current moneys and make another mark. Eventually they will "fill" the bottle. You are smart to get it out of the house and into a bank or something that draws interest plus the away from the danger of theft.
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