kids and saving

vidhyaprakash By vidhyaprakash, 12th Jan 2012 | Follow this author | RSS Feed | Short URL http://nut.bz/41lqp83a/
Posted in Wikinut>Family>Parenting

This page is about teaching about savings to our kids, saving is essential for our life

Teaching savings to the kids

Now a days kids and school students don't know the importance of the savings and spending their pocket money with unwanted things. As a parent it is our duty to teach the value of savings to our kids and guide them in savings. First of all we must save some money in a piggy bank in front of them and provide a separate piggy bank to them and suggest them to save a part of their pocket money in it. If they started this saving habit from their childhood, surely they will keep up it through out their life and understand the value of the saving.

Don't suggest them to save all the money, just tell them to save a part of money and spend their pocket money in useful manner to buy their school needs. Don't encourage them to buy junk foods using the pocket money, if you find your kid is buying junk foods in their pocket money, suggest them to save that money in their piggy bank. As we know junk food is not good to our health, teach it to them and advise them to avoid junk foods and save this money for their useful needs.

Buy a good presentation to them in the year end from their saving, and give it to your kid as a gift. This kind of activity will motivate them to save and they will save money to get gift for the next year. This activity will teach the importance of saving to your kid as well as they will enjoy their saving in a useful way with a nice gift.

Tags

Kid, Saving, Saving For Kids, Saving Money, Saving Money Ideas, Saving Tips

Meet the author

author avatar vidhyaprakash
I am running a courier agency.. writing articles in various sites.

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Comments

author avatar Denise O
13th Jan 2012 (#)

We bought our grandson a piggy bank this year for Christmas. I hope he gets a lot of use out of it. Thank you for sharing.:)

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author avatar ittech
16th Jan 2012 (#)

good share informative :)

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