Encourage Your Children to Start Saving Money

Perhaps one of the most challenging aspects of being a mom is helping your kids start learning how to save money.  Saving money is a wonderful skill to have, especially if you want to start doing things like taking trips, buying new toys, or even eating out at restaurants more.  Sometimes learning to delay gratification and actually save money can be tricky for kids, though.  Fortunately, there are a few ways you can help your little ones start to save up their money to be able to afford the things that they want.

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One of the easiest ways is to make a jar together.  Decorate the outside using glitter, glue, colorful paper, and even permanent markers.  Make sure you decide on a goal for the jar and write it on the outside where your kids can see their goal on a regular basis.  This will help your kids stay focused when it’s time to save.  As they earn money, have them put a certain amount in the jar to save.  The rest of the money they can spend as they choose, but putting aside a specific amount for their “big” goal can be a great way for them to start saving.

Of course, one of the most important ways to teach your children to save money is to be wise with spending yourself.  No matter how old your kids are, they’ll look to you for guidance and care when it comes to saving money.  For example, if your kids see that you spend your money as soon as you get paid, they’ll be more likely to follow suit.  If they see, however, that mom saves money when she gets it, it will be easier and more realistic for them to follow suit.

Photo Credit:  www.familyembellishments.com

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