High Finance

I hadn't paid the kids their allowance since the end of last year, so they were due some serious money. We settled up yesterday. M got almost $30, after taking out money he owed me. Today, he managed to spend almost $14 of it - on Yu-gi-oh cards. He says he wants to save up for an iPod nano - and he calculated how much he would have by his birthday (including counting his "chickens" of money he thinks he will get). He figured he would have enough by then to get a refurbished iPod - but not if he keeps spending his money. M finds it hard to save if the money is there.

A, on the other hand, is a die-hard saver. He finally bought the Nintendo DS he wanted. When it came time to pay me back, we calculated how much he owed me - then subtracted the $60 I borrowed from him last summer, the $50 Target gift card (his prize for selling popcorn) and his allowance - he owed me a grand total of $3.50! Wow. And he still has a bunch of money. I think we need to open up a bank account for him. I wonder if I can find one that actually pays some decent interest (like at least 1%)...