Comment by Quinzel

No, because their savings accounts actually have fairly decent interest rates for kids accounts. However, I do give them extra money on birthdays and Christmas. Also, when they do really good things, (ie, achieve something good at school) they always get a cash bonus.

Interestingly, even though the the non-ADHD one does better at saving, he doesn’t understand the concept of interest yet. However, the ADHD one clicked on very quickly to how interest works, and his bank has a policy that if you withdraw from your savings more than once in a month, you lose the interest for that month. So now the older one has started to plan withdrawals around that idea. It’s not the exact lesson I would like him to learn, I’d prefer that he just didn’t withdraw. But I like that he’s coming up with his own strategy to manage his money (and impulse control issues).