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General Parenting Discussion
Reply to "Teaching kids about money."
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[quote=Anonymous]I use cash. Giving them a 20 dollar bill and having them find an item and check out and get change is the best way to teach how much items cost. Its getting harder with more digital only places. In those instances i have them give me the cash and i pay credit and then make change from my own wallet. I go to the atm or bank every month or so. They also have savings accounts and we look at the paper statement each month and talk about interest earned and any add or deductions from the account. I had to fight capital one to send the statements they tried to tell me they were only digital. It is literally labeled a kids savings account. I told them a paper statement was required for the kid to access it and they relented.[/quote]
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