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Kids' mini family economy: 7% weekly interest bank, image 1 of 1
Family life

Kids' mini family economy: 7% weekly interest bank

@joecarlsonshow

75.8K views on X · added

I set up a super-high-yielding account for my kids (that I pay) for when they save money. They earn 7% per week, calculated and updated daily with a scheduled task, saved on a ledger. Also, when they go in debt, they pay 7% interest per week. My boy did go in debt after buying some Fortnite/Roblox stuff...

Joe Carlson turned allowance into a tiny central bank: his kids earn 7% per week on savings (calculated and updated daily by a scheduled task, tracked on a ledger) and pay 7% interest per week when they go in debt — after one kid went negative buying Fortnite/Roblox stuff. All of it runs through Muse.

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