Tag Archives: Money

Ways To Teach Kids to Save Money

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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/