STOCKS 4 KIDS

[Wizard]

Yeah, she doesn't fully get it yet, but she does understand that a dividend check is actual money. You need to keep things simple for kids.

For example, one day we went to our safety deposit box and going to the back we passed by the vault with the door open but cage door closed. I pointed in and said that's where they store your money when you bring it here. They keep it safe.

I tried to explain one day that the bank pays you to store your money because the bank wants it so they can lend it to someone else who pays them interest. She got this confused look so I stopped right there ! LOL.

I read a great story about the Bank of Dad one day, but don't remember where. This Dad "payed" very high interest to get his kids to understand savings.