The Johnson Family Bank

Based on the book The First National Bank of Dad (which we have heard about, but have not actually read), Alan and I decided to offer the kids the option to put their money in the “bank” and earn some interest.  It’s something Alan and I have discussed in the past, but just brought it up with the kids today.  Their “save” envelopes were getting pretty full, so I suggested we deposit the money into their 529 College Savings accounts, which then lead to further discussions of banking, which led to this:

I may be breaking some space/time continuum by posting a Snap of a screenshot onto a blog!

The kids both agreed that their “save” money should go towards college, and they both liked the idea of earning interest.  Alan said “When you are ready to start a family bank account, you can create a spreadsheet in Google Docs and share it with me and mom.”  Both kids immediately grabbed their computers!  :)  I guess they were ready!  We’ll see how it goes.  Hopefully it doesn’t break the ACTUAL Johnson family bank account!

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