It’s time to empty out all the piggy banks for the kid’s end of year deposit. This has become a tradition for our little people. When they were born we opened up a savings account for each of them. During the year when they are given money for good grades, birthdays or Christmas we put it in their “piggy” bank. Right before the New Year hits we dump it all out on the table and begin sorting. Then we add it all up and make their “big deposit” for their college funds.
The Dave Ramsey Plan
In Baby Step 5 of the Dave Ramsey Plan you are supposed to start giving to the kid’s college funds. We aren’t to that step yet but it looks like we are still able to fund their accounts with this method. They don’t seem to mind yet. I’m sure as they grow older they will begin to catch on. I can see them wanting to buy electronics or toys or something else with that money! Until that time we are just going to make this an end of year habit.
My son decided that he was going to donate a portion of his money to our local animal shelter. They depend solely on donations from the public to keep their shelter going. We also adopted his new puppy (formerly known as Teddy) Leo from the shelter too early this year. He might have a soft spot for that place.
Where is my “Proud Mama” button for my shirt? When he emptied out his money from his little Ziploc bag and put it into their donation jar we all just stood there with big smiles on our faces. It’s amazing how giving children can be.
Do your kids have any special places they like to donate too?