I recently shared stories about grandchildren with one of the partners in our investment club. Her 6 years old grandson and 4 years old granddaughter visit her every Saturday morning. Soon after arrival, the 4 year-old runs to the penny jar and puts a few coins in the piggy bank, counting their value during the process. It’s a play activity without feelings of ownership by the child. The 6 year-old performs chores for which he receives a salary of $2. He originally wanted $5, but agreed to $2 after negotiations with grandmother. In the near-future she will take them to the Dollar Store and let both of them spend a $1 anything they want. They will make the purchase and live with their decision. She wants them to learn shopping skills and the value of money. Later on, their father will open a savings account for them at the local bank. It’s the making of a family tradition.