View Poll Results: Do your kids aged newborn - 5 years have their own savings accounts?
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Yes
12 80.00% -
No
3 20.00% -
Some do, some don't
0 0%
Results 1 to 13 of 13
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02-02-2006, 05:10 PM #1KimBob
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Savings accounts: Kids aged newborn - 5 years
Do your children aged newborn - 5 years old have their own savings accounts?
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02-02-2006, 06:27 PM #2Moderator
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Yes, Eleni does!
6 yr. Breast Cancer Survivor!
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02-02-2006, 07:44 PM #3Registered User
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Yes, both the girls do. They already have more $ than I had as a teenager.
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02-02-2006, 07:52 PM #4Moderator aka AmyBob
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Yes...both Julia and Patrick have their own savings account, and as soon as the baby is born and gets a SS number, we'll start one for him/her as well.
My Blog: http://amysreallife.wordpress.com
Amy
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02-02-2006, 08:48 PM #5Registered User
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Both girls do. It's just another tool to teach them to avoid the credit mess that we were in.
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02-02-2006, 09:21 PM #6Registered User
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DS will have one by next month
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02-03-2006, 02:15 AM #7Registered User
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We just opened savings accounts for our 3 yo son and our 5 yo son today. They've been working steadily at saving their money for quite a while now and so off we went to the bank today. They were so excited!
Forgot to say that the baby (8 months old), didn't get one because she has no money yet.
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02-03-2006, 10:17 AM #8Registered User
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My daughter does not, but I buy her savings bonds periodically. She does have $100 saved up right now, in my savings account, and will be taking it with her when we go visit my Grandparents next month.
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02-03-2006, 11:29 AM #9Registered User
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yep, mil started them all last year.
~~ Missy ~~
Planting and raising an urban homestead in the middle of Downtown big city right at the foot of the Rocky Mountains!
Zone 5 Colorado Springs, CO USA
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02-03-2006, 11:44 AM #10Registered User
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No regular savings accounts. Each kid does have a college 529 plan. So grandparent birthday money and such goes in there. Plus we contribute $75 a month to each kid's plan.
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02-03-2006, 06:09 PM #11Registered User
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Tech no but we are looking into different things...we will probably end up with a 529
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02-04-2006, 02:56 AM #12Registered User
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No, I will more than likely start one on her next b-day which is April 15th.........
Bonnie mom to
DD Roari 18 who has been accepted to BAYLOR!!
DS Craig 16 who is about to get his permit
DS Jared 14 just hanging with friends
DD Valory 9 loving 3rd grade
Lord help me, I have THREE teenagers!!!
Married to Lyndell for 18 years.
Avatar courtesy of me... Iris' I planted in my front yard a few years ago...[/FONT]
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Use the vegetables from my garden and learn to preserve.
Cut down on all unnecessary things.
Free is best.
Get the garage completely cleaned out. Half done-Until BIL and SIL stored their stuff--now back to square 1.
Make the yards nice-weed, mow, plant, flowerbeds,etc.
Stay home more/eat out less if at all.
FIND A NEW JOB!!!
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02-07-2006, 12:03 PM #13Registered User
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Yes, I opened their accounts before they were a year old. All their b'day & Christmas money goes in there, and I roll all my change jar coins and deposit them in their account on their birthday.
They also get savings bonds on their birthday from both grandmas.
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