I love the physical ledger! anything to make money more visible is great. we struggle with financial abstraction with our kids too If your kids are old enough to have their own phones it would cool to let them check on their sats, especially going out into a bull run another option is to build a simple spreadsheet to track and graph both fiat and bitcoin Add a "what if " column to show what the fiat would have been if you never moved to sats This helps visualize opportunity costs
The number of digits generated by USD-to-sats conversion is an obstacle for my pre-teen kids to save and think in sats.
Example: Grandma sends $20 for Christmas and we convert it to sats. At current prices that's around $41,600. If a child has other savings, we're quickly dealing with millions of sats.
We keep a physical ledger to keep track of and custody their sats.
nostr:npub19jkuyl0wgrj8kccqzh2vnseeql9v98ptrx407ca9qjsrr4x5j9tsnxx0q6 how have you handled this? Any suggestions?
Discussion
I hadn't thought about adding a fiat value column. Great idea. I'm going to implement that!