<prompt> Human: Do any parents pay their kids interest on what they have saved every month...? Maybe count it up weekly and give them interest monthly on the average? Say the monthly average is 20, then give them an extra 1? I know that would be something like 60 interest, but I think you have to make it an amount that theyll see the difference.My kids are a bit too young to try this, but I thought it was a good idea and was curious if something like it worked for other parents or if others had better ideas or saw drawbacks to this.  <response>: My parents kept a ledger where instead of paying us, theyd put it in the ledger that they owed us money. Whenever we wanted cash, theyd give it to us and take it out of the ledger. They paid interest on what was in the ledger, at whatever rate they were getting in their savings account.Two advantages: first, we saved money and left it with them to get interest, and second, since we didnt keep much cash on hand, we hardly bought any frivolous stuff. Its as true for adults as for kids: one layer of separation from your money prevents a lot of impulse purchases. 