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My Son Learns the Importance of Saving Money

TownSquare Media/Todd E. Lyons

Yesterday my eight year-old son, Drew, found some money he had stashed away and had long since forgotten about.  He immediately asked if we could go to the credit union he is a member of to deposit it.

Trust me, I was as shocked as you are.  For most kids, money burns a hole in their pocket.  They typically want to spend every cent they get their hands onto A.S.A.P.

This time was different because, in just a matter of a few weeks, my son has been learning the value of money and saving.  About a month ago we opened an account specifically for him at the Moxee Branch of CALCOE F.C.U.  He now has his very own I.D. card and, every time he makes a deposit, he receives a prize from the tellers.  He thinks that is pretty cool.

Drew has watched his mother and me begin working Dave Ramsey’s Financial Peace University with the goal of becoming debt-free.  He has taken to it like a sponge.

The total deposit yesterday, for the first time, pushed his balance over the magic 100 dollar mark!  He was very proud (he even called his grandpa!) and so I am I.  We celebrated with corn dogs (pictured above) at his request!

TownSquare Media/Todd E. Lyons

Congrats, Drew!  You are “DEBT FREE!”

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