Linda left a comment in this post about encouraging her children to save their allowance by matching the money they put into their savings account. Sort of like a matching 401K plan that most corporations offer their employees. I like this idea.

I do wonder though if there are restrictions of how long the money must be saved in order to earn the match. What if they put it in their savings account and then withdraw it 3 weeks later? What do you do?

Linda, inquiring minds would like to know!

I think this comment stood out with me also because I have been discussing savings account interest, investments, the stock market, etc with my children. Trying to get them to understand why these options are superior to hiding a wad of bulls under their mattress.

I have been looking various books online and reading the reviews.

Description from amazon:
This newly updated edition of Growing Money answers every question a budding investor might ask: How do you read stock pages? What’s the difference between stocks and bonds? Why do stocks go up and down? How can I keep track of investments? Can kids invest?

I think that I could use some of these questions answered more clearly for myself too!

This book seems to be alone the same vein. All about saving, spending and investing.

This book is geared for younger kids.

So do you have any books that you recommend to teach children about saving and investing? I think I am going to hit our local library tomorrow and see if they have any of these books or any others that I might not have heard about. I’ll let you know if I find anything that inspires me.