ST Alpha - "I feel like this is up STs alley. What’s the best ‘banking’ option for a 7-year old? Details inside. " (Reading a Post)

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I feel like this is up STs alley. What’s the best ‘banking’ option for a 7-year old? Details inside.

Posted by Volnelk 🍊 (aka Volnelk) Jul 30 '23, 08:46

My daughter just did her first paying chore for a neighbor. Up to this point, she has had no real need for money, getting some here or there, piggy bank style.

Our neighbor asked her to water her plants while they were out of town for two weeks and we thought it would be a good idea. Well when they got back, she gave her $100 which was super generous.

Now we aren’t really sure what to do. That seems like a ton of money to just have in a piggy bank and we also don’t want her to feel like she should spend it all at once.

Open a savings account? Green light debit card? Thoughts?

Responses:

Billion dollar megaball on Tues -- nm - zeitgeist Jul 30, 11:30
Most banks have kids savings accounts that you can tie to your account. I would contact them. - spamlet Jul 30, 09:43
We have a custodial savings account set up for A at our bank. Simple enough. -- nm - znufrii 🦄 Jul 30, 08:55
1) Open a savings account. 2) Give me the name of this neighbor so I can offer any services they might need. -- nm - Will Hunting Jul 30, 08:54 1
- I’m saying. Part of me was like “Hey, when I mow, do you want me to just knock yours out too?” -- nm - Volnelk 🍊 Jul 30, 10:47
Danny Aiello -- nm - hollywood big shot Jul 30, 08:50

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I feel like this is up STs alley. What’s the best ‘banking’ option for a 7-year old? Details inside.

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