All good points and appreciated. However, I think that in my situation proceeding in this way was the way to go. I had talked to them before, explained what I thought they should know about credit cards, about saving, about compound interest, about budgeting, about spending for graification, etc. and assume that some of that got thru - certainly the credit card apsect - not so lucky with the spending habits. However, it was only when I explained what I proposed to do re a Roth, and only when the account was opened (with their consent) and only after they had a password to go in on-line to see what was in there, that I saw the light really go on. Now they are asking quesions, checking the account, doing their own calculations, reading about "money issues" and even talking to their friends about it. One has begun direct deposits (one is in college and one just graduated last month and they have very limited earnings right now from part time college jobs - they have worked all thru college)and the other one asked about direct deposits yesterday. I have also begun to e-mail them articles re financial matters and on and on and on. And my older daughter asked me last week why they never taught any of this in school. So, while it may not have been the optimum way to proceed, it has had the desired effect. I will send them the charts to demonstrate visually what I have been telling them about starting early . . . The matching was necessary, I think, to launch this. . .they were spenders before, but now I think they will also save a bit. .
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