There is nothing easier to grab than cash lying around the house. I *could* put the pizza on the debit card but that takes three days to clear and I don’t like to wait on cleared charges on my budget so I’ll just grab that $20 out of Middle Sister’s piggy bank and pay her back tomorrow.
Uh huh. Sure I will. You and I both know I mean it at the time but I ended up with a bunch of post it notes that showed how much I owe my kids. I started calling them Indulgences because that’s exactly what they were. I needed to fix the problem. It seemed the easiest way to get rid of the temptation – and the post-it notes – was to get rid of the money.
It was time to follow through on the idea I had floated to the kids previously. It was time for savings accounts. The kids have been excited about the idea for the past couple weeks. Ever since the conversation about compound interest and how in the bank your money earns more money.
We collected all the change from around the house. We checked couches, stuffed animals, pillows, and nightstand table drawers. My husband got in on the searching and brought out his poor guy bag of change he’d been saving and taking from since probably college. He’s not the first guy I’ve seen with a giant bag o’ change. I think they start collecting it when they need quarters for laundry and it becomes a catch-all for every penny and nickel they come across.
I was amazed when he brought the bag in and asked, “Are you sure?” because getting him to get rid of the change was like asking him to get rid of a blankie. It was his security. “Yeah, it’s fine.” (the Mr. is terribly eloquent, isn’t he? LOL) and I just rolled with it, not wanting to make it as big a deal outside my head as it was inside my head.
We went to our local bank (it’s actually a little regional bank) and lucky for us there was no wait. One by one my girls came into the office with me and the very kind lady asked them their personal information and signed them up for savings accounts. She explained how they worked to each one and let them choose stickers to put on their little savings passbooks. She made it special for them and the girls felt really important.
The bank lobby even has a cool Nescafe coffee/hot cocoa machine. The output is similar to gas station coffee. Super sweet, frothy cappuccinos (that the Mr. loved) and that almost whipped-tasting hot cocoa the kids adore. The girls split a cup of hot cocoa after they finished opening their accounts. It was a great day for all of us and they all felt really grown-up.
We felt really grown-up, too. It was a parenting bucket list moment for me, for sure.
I do still owe Big Sister $20 because I borrowed it to start Little Sister’s account, and I do still owe Middle Sister $30 because I took it out of her piggy bank and there was a post it note that told me I did, even though I can’t remember what it was for. Now that their accounts are electronically attached to mine it will be a lot easier to pay them back one last time.