Have you heard the song I wanna be a billionaire so freaking bad?? It is by Travie McCoy and the actual title of the song is Billionaire (I just looked it up).
Well it has become a fast favorite in our household and we are always singing that song. While listening to this song the other day I started thinking about how much I want to be a millionaire (I would love to be a billionaire but lets just be realistic). I was thinking of ways to become a millionaire and I thought in order to become a millionaire I first have to start saving my money. I was telling my sister and my boys that we need to figure out ways to make extra money to put into our millionaire account and the boys had some good ideas. Markus said that he could mow lawns and Tyrique said he would be willing to wash cars. I thought that was a great idea and then Markus said that we can have a garage sale. The garage sale is a great idea but well, we have already done that and we didn't come to Iceland with very much stuff so we don't really have anything to sell.
I was thinking that I can keep knitting and selling my stuff and put that money into our millionaire account. We are going to quit eating out and put that money into our millionaire account instead. Maybe once Kobe is potty trained I can put his diaper money into the account too :o) I am also going to start putting a little bit aside each month into the account. I love the fact that the boys were so into this and I think this is a great way to teach them some responsibility and get them into the savings mind set. I know it is going to take us a lifetime to achieve this goal but I am really excited about this goal of ours. I am even thinking that a great thing to do would be to make a poster like you see in the movies where we mark it until we reach our goal....in our case maybe we can do $500 or $1000 goals at a time.
What do you think? Do you have a millionaire account? Does your family have a savings plan that you do as a family? How do you teach your child/children about money saving?