A Trip to the Bank

Yesterday we went to the bank so Elijah could make his second deposit into his savings account. We opened the account for him but since then he saves the money to put into it. This is "his" savings account, not his college account :)

A while back I had read about a piggy bank in one of the parenting magazines that they recommend to help teach your child about money and different categories you can save the money for. We decided to order it for Elijah and that it what he uses. It has 4 different compartments in the pig and you can choose what you want each area to be. His are savings, donate (church orTexas Children's), spend, and invest (college). 

So whenever he find coins laying around or lost in washer/dryer, or is given money by others, or earns a "small" allowance for doing some chores, he then decides which areas he wants to put the money in. Surprising enough, he tries to spread it out equally. Not sure how long that will last, but we will take it for now. :)

 The ladies at our bank are always SO nice to all of us!

Showing off his deposit slip