Teach Kids About Money: 3 Tips to Teach Kids to Save Money for What They Want by Mei Marcie
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 $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.