To teach our kids about saving on the outside of their money box we write down how much is inside and a target to be saved. Each week we count the coins and figure out how much needs to be saved to reach the target. Once reached we then put it into their KiwiSaver account. Our kids got pretty excited when they saw the government add $1,000 and then top it up each year with the 50% subsidy. They think it’s pretty cool. [In the 2015 Budget the $1,000 kickstart was removed, and the $521 only starts when the saver is 18 or over. – Oil Rag Ed’]
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May