12/2/08

Encourage Your Kids to Save

. 12/2/08

If you can encourage your kids from an early age, this is a good skill of them as children, they will be more likely to want to have a bank account, just like Mom or Dad. After a pass book they will feel important and she sees the balance every time they are in a depot. Teach them about the importance and ensure that they have an account that pays a decent rate.

They will soon be proud of their savings. When they grow up, and must take responsibility for their own debts. Small children may like to be able to see how their money assembly, so a piggy bank is the best way to encourage them to save. Get one that can be undone, so that they can count the money and when they want. They can play games with them, as you can see how many different types of coins they have. It will also help them with their math skills.

Encourage them to save for a specific thing they want. It can be a meal in Maccas, a day in an amusement park or a trip or vacation somewhere. Or it could be that an iPod or a DVD or even a toy or craft item, depending on their age. Never show disapproval when they want to spend their savings. Spending Limit is their reward for saving it.

If children are older they will be more likely to want to have a bank account, just like Mom or Dad. It can be a meal in Maccas, a day in an amusement park or a trip or vacation somewhere. Or it could be that an iPod or a DVD or even a toy or craft item, depending on their age. Never show disapproval when they want to spend their savings. Spending Limit is their reward for saving it. After a pass book they will feel important and she sees the balance every time they are in a depot. Teach them about the importance and ensure that they have an account that pays a decent rate. They will soon be proud of their savings

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