Kids & Money: 3 Tips to Teach Kids to Save Money for What They Want! by Mei Marcie

Money Parenting
4 years ago
Kids & Money: 3 Tips to Teach Kids to Save Money for What They Want!

One of the things I do at the end of each month is review my spending. As my child grows, I'm looking at teaching her how to save in three simple steps: 

  • Start off with a piggy bank with an easy-to-count sum, like $50. 
  • Create a money chart with items the child wants and will pay for out of this sum, like ice cream, books and toys. 
  • Track the money at the end of the month and let the savings go into the bank. Next month is a fresh $50. 

The child may earn a reward if $50 can last longer this month compared to the preceding month, which encourages the child to save more!

Related Products on Amazon We Think You May Like:

Piggy Banks
Piggy Banks $5 & Up

30Second Mobile, Inc. is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.

join discussion

Please login to comment.

recommended tips

Want to Feel More Prosperous? Here's Why You Need to Give More!

Spend, Save & Give: How 3 Buckets Can Help Teach Kids Your Money Values!

Worrying About Money? Here's Why You Should Try Being Grateful Instead!

Budget Birthdays: 7 Steps to Save Money on Your Child’s Party!

Got 30 seconds? Sign up for 30Seconds.com and get the best of our tips each week!