Comments on: Taking My Daughter To The Bank To Open Her First Savings Account http://www.ncnblog.com/2009/10/13/taking-my-daughter-to-the-bank-to-open-her-first-savings-account/ Debt Reduction Rocks - We Are Living Debt Free! Sun, 21 Mar 2010 14:34:42 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: pfstock http://www.ncnblog.com/2009/10/13/taking-my-daughter-to-the-bank-to-open-her-first-savings-account/comment-page-1/#comment-179948 pfstock Fri, 13 Nov 2009 01:33:27 +0000 http://www.ncnblog.com/?p=2645#comment-179948 When I was 7 years old, I opened an account with a bank that had a "Squirrels Club". The club would send a newsletter featured squirrels as cartoon characters. Their materials included games, puzzles, and tips on such things as saving money -- explaining topics like interest compounding. I believe that the Squirrels Club was run by an association of different savings and loans. That bank went through a series of acquisitions, and ended up becoming a Citibank. But Citibank doesn't have any program like that, and I don't know what ever happened to the Squirrels Club. Looking around at other banks, I don't see any similar savings accounts for kids anymore. When I was 7 years old, I opened an account with a bank that had a “Squirrels Club”. The club would send a newsletter featured squirrels as cartoon characters. Their materials included games, puzzles, and tips on such things as saving money — explaining topics like interest compounding. I believe that the Squirrels Club was run by an association of different savings and loans.

That bank went through a series of acquisitions, and ended up becoming a Citibank. But Citibank doesn’t have any program like that, and I don’t know what ever happened to the Squirrels Club. Looking around at other banks, I don’t see any similar savings accounts for kids anymore.

]]> By: fx15 http://www.ncnblog.com/2009/10/13/taking-my-daughter-to-the-bank-to-open-her-first-savings-account/comment-page-1/#comment-179532 fx15 Sun, 08 Nov 2009 10:24:58 +0000 http://www.ncnblog.com/?p=2645#comment-179532 I think this is great, and I also had a savings account from a young age. I think this is great, and I also had a savings account from a young age.

]]> By: Marta http://www.ncnblog.com/2009/10/13/taking-my-daughter-to-the-bank-to-open-her-first-savings-account/comment-page-1/#comment-179427 Marta Sat, 07 Nov 2009 04:59:11 +0000 http://www.ncnblog.com/?p=2645#comment-179427 Hi, Hope you will be successful with your kids and family. It's nice to read an article like this when talking about someone you really love. Goodluck and Godbless. Marta Hi,

Hope you will be successful with your kids and family. It’s nice to read an article like this when talking about someone you really love. Goodluck and Godbless.

Marta

]]> By: James http://www.ncnblog.com/2009/10/13/taking-my-daughter-to-the-bank-to-open-her-first-savings-account/comment-page-1/#comment-178856 James Sat, 31 Oct 2009 18:31:22 +0000 http://www.ncnblog.com/?p=2645#comment-178856 I do think it's the parents responsibility to teach their children how to properly manage money. If they grow up seeing the good examples, then they will follow suit. Sadly many parent's do not know how to properly budget and save. It's good to see that there are others trying to get the word out! I do think it’s the parents responsibility to teach their children how to properly manage money. If they grow up seeing the good examples, then they will follow suit. Sadly many parent’s do not know how to properly budget and save. It’s good to see that there are others trying to get the word out!

]]> By: nickel http://www.ncnblog.com/2009/10/13/taking-my-daughter-to-the-bank-to-open-her-first-savings-account/comment-page-1/#comment-178573 nickel Thu, 29 Oct 2009 02:43:55 +0000 http://www.ncnblog.com/?p=2645#comment-178573 Our kids have ING Direct accounts. It's not quite as "real" as walking into a brick and mortar bank, but then again online banking is pretty darn "real" in our life. Also, since ING pays a semi-reasonable interest rate, they get excited seeing their money grow (albeit slowly). Our kids have ING Direct accounts. It’s not quite as “real” as walking into a brick and mortar bank, but then again online banking is pretty darn “real” in our life. Also, since ING pays a semi-reasonable interest rate, they get excited seeing their money grow (albeit slowly).

]]> By: Debb http://www.ncnblog.com/2009/10/13/taking-my-daughter-to-the-bank-to-open-her-first-savings-account/comment-page-1/#comment-178404 Debb Tue, 27 Oct 2009 17:02:27 +0000 http://www.ncnblog.com/?p=2645#comment-178404 Teaching your children young how to save and manage money is very important and a life lesson. Thank you for sharing. Teaching your children young how to save and manage money is very important and a life lesson. Thank you for sharing.

]]> By: psychsarah http://www.ncnblog.com/2009/10/13/taking-my-daughter-to-the-bank-to-open-her-first-savings-account/comment-page-1/#comment-177613 psychsarah Mon, 19 Oct 2009 20:59:05 +0000 http://www.ncnblog.com/?p=2645#comment-177613 I'm trying to remember how old I was, but it's escaping me. I do have fond memories of going to the bank with my Dad, even when I was too young to have an account of my own. Once I was old enough, I remember Dad teaching me to fill in the deposit/withdrawal slips and letting me go to the teller myself (he stood back a bit, just in case I needed him). This gave me a great amount of confidence at the bank. In fact, when I was 15, I was upset by a teller who routinely treated me poorly when my parents weren't nearby. I complained to the manager, who treated me just as poorly. I told my parents, who helped me realize that I had other options for banking if I wasn't satisfied. Dad came with me (again, standing back) as I closed my account and took out my life savings (about $1500) to the bank at the other end of the mall. I really value my parents giving me the lessons and confidence to bank independently and stand up for myself. Congrats to you for starting this part of your daughter's financial education. I’m trying to remember how old I was, but it’s escaping me. I do have fond memories of going to the bank with my Dad, even when I was too young to have an account of my own. Once I was old enough, I remember Dad teaching me to fill in the deposit/withdrawal slips and letting me go to the teller myself (he stood back a bit, just in case I needed him). This gave me a great amount of confidence at the bank. In fact, when I was 15, I was upset by a teller who routinely treated me poorly when my parents weren’t nearby. I complained to the manager, who treated me just as poorly. I told my parents, who helped me realize that I had other options for banking if I wasn’t satisfied. Dad came with me (again, standing back) as I closed my account and took out my life savings (about $1500) to the bank at the other end of the mall. I really value my parents giving me the lessons and confidence to bank independently and stand up for myself. Congrats to you for starting this part of your daughter’s financial education.

]]> By: Vinny Financio http://www.ncnblog.com/2009/10/13/taking-my-daughter-to-the-bank-to-open-her-first-savings-account/comment-page-1/#comment-177415 Vinny Financio Fri, 16 Oct 2009 19:18:27 +0000 http://www.ncnblog.com/?p=2645#comment-177415 Way to go NCN! My parents didn't take me to open my first account until I was 15....and we all know where that financial education got me! Way to go NCN! My parents didn’t take me to open my first account until I was 15….and we all know where that financial education got me!

]]> By: Brochure Printing http://www.ncnblog.com/2009/10/13/taking-my-daughter-to-the-bank-to-open-her-first-savings-account/comment-page-1/#comment-177363 Brochure Printing Fri, 16 Oct 2009 03:14:11 +0000 http://www.ncnblog.com/?p=2645#comment-177363 I've had my own savings account way back when I was younger. I think around 9 or 10 years old. But I was only given my own ATM card when I was already in college. And so far, I've been using it wisely. :) I’ve had my own savings account way back when I was younger. I think around 9 or 10 years old. But I was only given my own ATM card when I was already in college. And so far, I’ve been using it wisely. :)

]]> By: Jason http://www.ncnblog.com/2009/10/13/taking-my-daughter-to-the-bank-to-open-her-first-savings-account/comment-page-1/#comment-177336 Jason Thu, 15 Oct 2009 17:15:51 +0000 http://www.ncnblog.com/?p=2645#comment-177336 We opened a savings account for our son at our credit union when he was two months old. A few months later, we opened a STAR fund for him at Vanguard. Each financial gift he gets for big occasions (birthdays, christening, etc.) goes right in there for him. We opened a savings account for our son at our credit union when he was two months old. A few months later, we opened a STAR fund for him at Vanguard. Each financial gift he gets for big occasions (birthdays, christening, etc.) goes right in there for him.

]]>