World Savings Day

As I mentioned at the weekend, Friday was world savings' day. I don't remember this being such a big event in England but here in Germany it's especially fun for children.

We set up a savings account for Isabella when she was about six months old. There are only so many toys she can play with at that age and she often receives money as gifts. Since she has all she needs, all this money goes into her money box or her account. One stipulation to the account is that a monthly payment is made so we give her a little something too.

It's really important to me that she has a good financial upbringing and avoids debt. Bringing her up in Germany certainly helps as banks here are much more responsible in not throwing credit cards at you.

On world savings day, children take their money boxes to the bank to be emptied into their account. As a reward they can choose a gift. Isabella picked this cute seal to go with her owl from last year. She also received a balloon animal and discovered the play corner in the bank.

It was really busy but it was fun and a tradition that we will be continuing.