Teaching Kids to Set Money Saving Goals

Welcome back to part two of our teaching kids to save money series! Last week, we kicked it off by talking about one method to teach kids to save money by using a piggy bank system. Today, we’re going to talk about setting money saving goals and when to start. This ties in with teaching your child how to budget, so you might want to take a peek at that post as well. It begins when they’re very young. You’re at the store and your child begins to ask for things. They ask for candy. They ask for toys. They ask for stuffed animals and bright balloons. These sometimes challenging situations are also opportunities. They’re opportunities to teach children that you can’t always get what…

Teaching Kids How to Save Money

After the conclusion of how to raise a money savvy kid, this week we’re going to begin our new series on teaching kids how to save money. This is a great skill to learn, especially early on in life when it has the potential to become a habit. That’s not to say that older children can’t be taught to save money, just that it’s easier to start at an early age. Today, we’ll talk about one way that you can start teaching kids how to save money. How can you teach kids to save money? Teaching children to save money is important and difficult. From a young age they are exposed to marketing messages telling them to buy more, want stuff, and spend money. There…