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Points = Savings

June 14th, 2012 - Category: My Job Chart

Using My Job Chart kids really start to understand saving money.  They quickly “get it” that a point equals a penny and a bunch of points can add up fast into dollars, dollars and more dollars.

As kids earn points they have the ability to “save” those points.

For example, if Kim does her chores and accumulates 1,000 points ($10) in a week, she can save those points by moving those points into the SAVE category within My Job Chart.  When she does this our system will send you as the parent an email letting you know that she wants to save the $10. Then that $10 can be transferred into her very own account and start accumulating twords something important later in life.

My Job Chart users can open Savings Account with several banks for no cost.  These accounts don’t have any pesky fees or minimums and the entire account can be set up online.  When a parent tells an 8 or 9 year old that they now have their own savings account you are going to see some pretty big eyes and big smiles too.

Points = Savings, for sure.

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1 Comment

  1. Estate Planning says:

    Good work, I will enjoy reading some more of your related blogs.

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