Good way to cultivate Saving Habit

[Qpik]

Something to share with everyone especially those who has kids in primary school.

 

Last time, we used to have this with POSB but I am glad OCBC has taken the initiative to revive it.

 

Do check it out if you want your kids to enjoy and cultivate savings for a rainy day.

 

http://www.ocbc.com/personal-banking/promo..._Programme.shtm

 

My sisters has implemented it and my nieces and nephews stop splurging their pocket monies on erasers/tibits to saving it.

[Irene]

Wah.. advertising for ocbc.

 

However its a fun way to cultivate saving habits for kids... temporary.

[Qpik]

shucks...finger faster than brain...

 

omitted disclaimer "i am in no way associated with ocbc bank nor derive commission"

 

just find that this way can cut down kids collecting erasers (which is not cheap from school bookshop) or stuffing themselves silly with tibits. parents also no need to buy stickers and teach the young kids to have fun while saving.

 

not applicable to those in sec, poly or tertiary

 

one stone kanna many birds so must share right

[Maxus-MIFA9]

Right, I remember those days when I was young and encourage to save. When DeeVeeSssss took over, those with less then $500/- in their account have to pay service fee monthly ($2/-)....

 

Hope ocbc do not start this just to cash in more account holders. For you & me, $500/- at one go to open an account for the kids is not much of a problem and they proceed from there on without having to pay the service charges monthly.

 

But some poorer families, it take quite some times for their kids to reach $500/- with their daily school allowance. With the service charges.........

[Qpik]

yup, you are right about that...after DioBankSuck I also kanna penalty

 

$2 pocket money is really nothing when eat at school canteen not like our time.

[Nkps]

buying eraser is good, help to boost the economy since young age...

 

buying eraser is also good training for young boys, in future they will not feel embarass to buy eraser from 7-11 if need arises i mean rubber i mean eraser

[Wanderer]

In my circle, they are referred to as DamnBloodySuckers

[Watwheels]

Whoa...bring back old memories . I remember buying the $1 POSB squirrel stamps to complete the booklet to open a savings account in my pri sch days.

[Qpik]

eraser or rubber u make up yr mind lah...

 

dun buy wrong stuff if not at night u think u got rubber but ended up u found eraser n have to play words game instead of kamasutra

[Ultramega]

The program is good but can be improved. To make it better, need to encourage the kids to spend the money they saved when necessary and on the right things. If not they will just save and save and become misers. Spenders are needed for economy to improve.

[Ms_tan]

This OCBC Mighty Saver really done a Great job for my 2 girls. They have been saving up the $$$ (they choose not to spend but to save). Then in return, they will have a 'surprise' for every $20 save.

[Scoots]

Should teach kids hot to MAKE money.... saving for a rainy day no longer works liow. The umbrella is getting smaller and smaller ....