Every year my children are given money and gift cards from grandparents, whether for birthday, holidays, tooth-fairy, report cards, etc. I’ve discussed how we save our children’s money in envelopes at home, to include all gift cards they’re given. This year, though, since opening my children’s Kidworth accounts, we can now add their kid contributions towards their new savings goals they didn’t have before their account creation. Woohoo!
I have to admit this to you: saving my kids’ money was awesome enough on it’s own. I was proud to see them save. But saving now, with specific goals in mind, makes my heart want to dance. Seriously. This is such an important lesson for children to learn, especially in this day and age, not to mention economy.
With some of the money she’s earned from the neighbor for house-sitting/dog-walking, plus Christmas money she’s received, we were able to add some funds towards my teenager’s car fund.
In the dashboard, it shows how much she’s saved and received towards this goal so far.
I asked my children if they wanted me to share their profiles with friends and family, enlisting help from others to help get them to their goals faster, and they said yes! I created an e-card using Kidworth’s system, inviting others to view our family’s profile page with our kids’ individual profiles.
Adding recipients was a snap! So easy!
Once the card is sent, you can share it via social media and other ways, too.
When you click on profile on the e-card, and then visit my son’s profile, you can see what he’s saving for, and you can see how easy it is to help contribute towards his goal.
How cool is this website?! Even if your children are too young to have specific goals in mind, what if you wanted to start a college fund for them now? You can do that with Kidworth! I think it’s pretty genius to get them involved and to have them be more proactive with utilizing goals and saving money.
What do you think? Do you want to help your children start saving towards a goal? What goal are you saving for already, or will you create some new ones?
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