All things that are written on this website are about our experiences and what have
worked for us, or general information only. We are not telling you to do any of those
things mentioned and we do not endorse any products found on these pages. We simply
want to share with you what has helped us. Hope that you enjoy reading our posts
and please come back regularly to read more!
Niche Topics (Pregnancy and Kids) is all about practical parenting advice and parenting
skills to help you deal with common parenting challenges from toddlerhood to teen
years. You’ll find tons of healthy food ideas and easy-to-make kids meals, fun activity
ideas and creative crafts projects that kids love to do and play!
Many kids don't understand the value of earning and spending money these days. As
parents, teaching your children the value of money is one of the most important lessons
to prepare them into adulthood. You should help your kids understand the concept
of money and saving as early as possible. Below are a few parenting tips to help
you teach children to save money.
Fun Ways to Teach Kids About Money
1. Once your kids are able to count, that's the perfect time for you teach them the
real meaning of money. A great way to introduce them to money is by using toy money.
Play shops with your kids; let them get used to the concept that money isn't exhaustible.
Once money is spent, it's gone forever.
2. Always explain to your kids the value of saving money. Make them understand its
importance and how it'll impact their life. You can talk about
3. The time when kids get a real feel of money is when they're given pocket money
or allowances. You should give your children their allowances in denominations and
then encourage them that they need to set aside a certain bill for the future.
You can motivate them by saying that with the money saved, they can buy a new pair
of shoes or the toys they like.
4. You can also teach your kids to work for money. You can do start this at your
own home. For instance, pay them fifty cents to a dollar every time they clean their
rooms, do the dishes or for good behavior. This way, kids will learn that money is
something which they have to work for and should be spent wisely.
5. You can teach children to save money by giving them piggy banks or jars where
they can put coins and wait until they get full.
Or, you might want to consider savings accounts. Many banks help kids with the learning
process by providing accounts specifically aimed at kids and promoting the benefits
of saving money.
6. You may want to match savings. For instance, for every dollar your kids save,
you can put in a matching contribution to encourage them to save money. Praise them
for any amount of savings, no matter how small.
7. Be an example and save money in front of your kids. You can deposit money in the
bank with your kids and explain what you're saving for. Your kids are very likely
to mimic your actions.
While the road to understanding money and saving isn't always an easy one for kids
but if you're patient and consistent in your guidance, your children should be able
to learn to save money over time.