Teaching children money skills: start early with savings accounts.
Alaska Business Monthly › Vol. 26 Nbr. 4, April 2010
Linked as:
Summary
FINANCIAL SERVICES
See the full content of this document
Extract
Teaching children money skills: start early with savings accounts.
[ILLUSTRATION OMITTED]
When the three Hoxie boys reached the age of about five, at a time when most children have little regard for money, each of them was given $5 and taken to the bank to open their first savings account. Today, Zachary, 18, Brandon, 16, and Lucas, 13, have $2,000, $500 and $200, respectively, in their accounts, which have over the years had even higher balances, and as each begins to take on outside jobs, are growing as the boys deposit more money than weekly allowances into their accounts. START YOUNG As a parent and a manager for Northrim Bank, their mother, Dawn Hoxie, felt it was her responsibility to get the boys to start thinking ...See the full content of this document
Sponsored links
