My seven-year-old daughter has her own bank account. Together we visited the bank and opened it. She deposits allowance money (earns a $1 per week for basic chores like cleaning up her room and helping Dad in the yard). We allow her to spend 1/3 of it on whatever she wants. Right now she's saying for an American Doll. Do you known how much those dolls cost?? The remaining money is saved and tithed.

Now, my little entreprenuer is scheming about ways to make more money so that she buy the American Doll sooner. Current ideas are to have a garage sale, sale her artwork or sell her old stuffed animals to friends and neighbors. Of course, I'm encouraging her and trying to help her figure out a productive way to make the money. But, I like the way this child thinks:).