Ways To Teach Kids to Save Money

Car Dealership Sale

Financial responsibility is an important skill that everyone should have. If parents teach kids to save money early on, then these children can grow up to feel confident and secure in their financial decisions. Use these tricks brought to you by Warsaw Buick GMC to make financing fun for both you and your little ones.

Use Different Jars

Having goal-specific jars for short- and long-term financial goals can help children understand what they’re working for in saving their money. Kids can decorate jars with images of what they are saving for which will encourage discipline.

Make a Chart

Visual aids can be very helpful in getting children to understand progress. Make a chart with a square for each week’s allowance. Kids can put a sticker in the square when they’ve set aside their savings. This will allow them to watch their money grow and see how many weeks of disciplined savings it takes to get there.

Set an Example

It may not always feel like it, but children look up to their guardians. If your kids see you saving money, too, they’ll enjoy following your lead. Make your own money jar, or use our DIY piggy bank craft to create fun and easy matching containers for your savings. While you and your kids pursue financial goals together, you’ll both be inspired to stay on track and save more in the future.

Source:

http://www.moneycrashers.com/teaching-kids-save-money/

How To Make A DIY Piggy Bank

Money in Jar

Saving for a car can be a serious challenge. But for the best financing at places like Warsaw Buick GMC, you should have enough to make a good down payment. You can make saving money more fun for yourself by getting your kids involved, and teaching them the value of financial responsibility as well. Use this DIY piggy bank craft to have a finance-oriented craft day that will encourage you both to save your pennies and your dollars for future investments.

Materials

Start by gathering one empty water bottle for each bank, plus colored craft paper, scissors, glue, paint and a paint brush, a pencil, and four wooden beads for each bank.

The Gist

Your water bottle will magically turn into a piggy bank when it’s situated on its side with the cap as the snout and the coin slot cut into the top. Clean and wash your bottle, then cut a piece of colored paper to wrap around where the label used to be, cutting a slot out of this piece of paper as well. Next, cut ear shapes out of your paper, then trace your paper with the bottle cap for a snout-sized piece that you can glue onto the cap. Paint on eyes and other facial details, and glue on the four beads for the piggy bank’s feet.

Start Saving

Once you and your kids have finished assembling your DIY piggy bank, you can start slipping money through the coin slot on a regular basis. When it’s time to access it, you can simply untwist the bottle cap, empty the bank, and start your savings over again.

Source:

http://www.allyou.com/budget-home/crafts/water-bottle-craft