http://www.moneycrashers.com/give-teenagers-an-incentive-to-save-money/ Personal Finance Blog, Your Guide to Financial Fitness Fri, 10 Feb 2012 00:29:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.moneycrashers.com/give-teenagers-an-incentive-to-save-money/#comment-15412 Kim | EbatesCashBack.com Thu, 07 Oct 2010 16:05:02 +0000 http://www.moneycrashers.com/give-teenagers-an-incentive-to-save-money/#comment-15412 We 'require' our 14 year old to set aside 10% of what he earns for long term savings, although this savings in not really designated towards anything right now. But if he contributes 15% or 20% to his long term savings, we will match that entire 15% or 20% contribution. (we don't match anything if he only contributes 10%) We are trying to teach him that if his 'employer' offers a match to always contribute enough to get the maximum amount of the match. Hopefully, by the time he works for a company that will match his 401K contributions, he will have the habit established of always contributing a little more, in order to 'double' your contributions. We ‘require’ our 14 year old to set aside 10% of what he earns for long term savings, although this savings in not really designated towards anything right now. But if he contributes 15% or 20% to his long term savings, we will match that entire 15% or 20% contribution. (we don’t match anything if he only contributes 10%) We are trying to teach him that if his ‘employer’ offers a match to always contribute enough to get the maximum amount of the match. Hopefully, by the time he works for a company that will match his 401K contributions, he will have the habit established of always contributing a little more, in order to ‘double’ your contributions.

]]> http://www.moneycrashers.com/give-teenagers-an-incentive-to-save-money/#comment-4862   LifeSpy Links Round Up for the Day Wed, 09 May 2007 08:35:15 +0000 http://www.moneycrashers.com/give-teenagers-an-incentive-to-save-money/#comment-4862 [...] Money Crashers - Give Teenagers An Incentive To Save Money [...] [...] Money Crashers – Give Teenagers An Incentive To Save Money [...]

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