Originally posted by Old Greg
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Reply to: Kids 2020 savings challenge
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Previously on "Kids 2020 savings challenge"
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Originally posted by eek View PostNot quite it's: £22,517,998,136,852.48 as if we aren't playing around with x significant figures you may as well be completely accurate.
And the total amount saved would be £45,035,996,273,704.95 which might be what people were trying to talk about.
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Originally posted by jamesbrown View PostYep. No doubling in the first week. The eventual difference being roughly what admin spent on hookers and blow in the last financial year.
Not quite it's: £22,517,998,136,852.48 as if we aren't playing around with x significant figures you may as well be completely accurate.
And the total amount saved would be £45,035,996,273,704.95 which might be what people were trying to talk about.
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Originally posted by DealorNoDeal View PostSee if any of your kids will accept the following challenge. If they do it every week until the end of the year, promise to pay them £100.
Starting with 1p in week 1, the goal is to double the total amount they've saved each week.
2p by the end of week 2
4p by the end of week 3
8p by the end of week 4
16p by the end of week 5
etc.
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Originally posted by ladymuck View PostI made it £22,517,998,136,852.50
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Originally posted by Paddy View Post£45,035,996,273,704.96 at the end of the year
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Originally posted by Paddy View Post£45,035,996,273,704.96 at the end of the year
Mind you if Corbyn was in power you would need £45,035,996,273,704.96 on 1st January 2021 to purchase a sweet that costs 2p sweet today..
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Originally posted by DealorNoDeal View PostSee if any of your kids will accept the following challenge. If they do it every week until the end of the year, promise to pay them £100.
Starting with 1p in week 1, the goal is to double the total amount they've saved each week.
2p by the end of week 2
4p by the end of week 3
8p by the end of week 4
16p by the end of week 5
etc.
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Be more savvy and use a Cashback site designed specifically for saving into Kids accounts and ISAs.
KidStart Shopping Ideas helps families turn everyday shopping into savings for children:
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Save it from what?
If you're handing them pocket money then where exactly is the incentive? If they have a job, then fair enough.
Sadly, crappy rules these days means kids have a hard time getting little jobs, despite the fact it teaches good skills. I remember my nephew wasn't allowed a four hour Saturday job in H&M because the manager said his school head teacher had to approve it or some nonsense.
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Bearing in mind that more than I give them for spends I think they are gonna fail.
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