Teach Your Kids More Money Skills With A Spreadsheet Bank Account

Today’s fantastic family finance article is:

Boost Your Kid’s Money IQ with a Simple Spreadsheet

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It’s time to move beyond the piggy bank.

Your kid is ready to learn critical money concepts and skills like:

• How bank accounts work.
• The power of compound interest.
• How to track spending.
• The pain of costly debt.
• How to set and achieve financial goals.
• The reality of money as an abstract number — beyond just physical cash and coins.

But setting up bank accounts for young kids can be a real hassle. There might be overdraft fees and other hidden gotchas too. And traditional savings accounts don’t pay enough interest to be remotely interesting.

So, try a simple spreadsheet instead. Today’s article shows how to open up your own little family bank in Google Docs with a handy template.

Retire the piggy bank. Open a family bank in a spreadsheet. Take your kid’s financial IQ to the next level.

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