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

Money Parenting
2 years ago

Teach Kids About 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!

Note: 30Seconds is a participant in the Amazon affiliate advertising program and this post contains affiliate links, which means we may earn a commission or fees if you make a purchase via those links. The content on 30Seconds.com is for informational and entertainment purposes only, and should not be considered financial advice. 

Take 30 seconds and join the 30Seconds community, and follow us on Facebook to get inspiration in your newsfeed daily. Inspire and be inspired.

Related Products on Amazon We Think You May Like:

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.

Piggy Banks $5 & Up

Is Your Money Happy or Unhappy? How to Transform Your Relationship With Money

What Are You Teaching Your Kids About Money? (Some Do's & Don'ts)

Steve Siebold Shares 5 Secrets Self-Made Millionaires Teach Their Kids

5 Money & Happiness Tips for Challenging Times From "Zen Millionaire" Ken Honda

Teaching kids about money as soon as they can talk is a wise approach.

join discussion

Please login to comment.

recommended tips

Clean Ones Pure Comfort Gloves Makes Cleaning Safer & Easier!

Houston Flooding: 3 Common Flood Cleanup Fails & Power Outage Tips for Homeowners

Get Your Fireplace & Dryer Vent Cleaned Annually! Here's Why!

Beyond Sleep Issues: 4 Daylight Savings Time Tips to Keep You on Track!