I don’t know of any ways you can open up accounts for young kids like that without a parents name on it. Unless you just want to stash straight up cash in a jar or just put it in you own accounts you already have and earmark it for him?

Thanks, Broke Millennial. I think your dad did a great job of educating you and your sister. In this day and age, so many kids don’t learn about the real world until they are thrust into it. Your first job is not the place to learn that you don’t get rewarded for everything, and a very hard place to learn that we aren’t all equal.

I love the donut lesson. That is what kids should be taught early on.

Or it’s 1.00% http://banking.barclaysus.com (Fetched 27 April)

And the lesson they learn with a savings account doesn’t come from watching your balance grow due to interest payments; the lesson comes from watching your balance grow every time you choose saving over spending.

But I do agree that more knowledge is never a bad thing. But my first lesson would be the efficient market hypothesis.

Good for you on getting yourself back on track!

Way to go daughter! And parenting! :)

Hahahha I thought the same when I got my bonds :) Wasn’t upset when I got older though!

Good idea! Never heard of that one before.

SO COOL!!! I love your grandmother!