The description below was contributed by: AndyG54321, on Feb 15, 2006 10:51:28PM
Appropriate age group(s): 5-16
Description of technique for teaching kids the value of money:
We use online piggy banks at www.littlemoneybags.com. It's like an online bank account for our kids, but we keep the money until they need it. It automatically makes allowance deposits into our kids' accounts! We never have to think about it! It makes us ultra-reliable. The kids can see a complete online history of where their money goes. It's a cool idea and a nice site.