It’s Not Difficult to Teach Children to Save

Saving is not an activity that only adults can do. In fact, nowadays, the culture of saving for children has been implemented in various countries. This cannot be separated from the good impact that children get when they are able to save from an early age. No need to be confused, there are several ways that you can apply as a parent to educate your children to save well. Here are some of them:

Introduce Money Functions Slowly

When children are good at counting, that’s the right time to introduce them to money. This can be started from the differences in each sheet of money to its function as a transaction tool. When children are familiar with these things, then we start teaching them that we must use money wisely and not overdo it.

Provide an Understanding of Needs, Desires, and Expectations

A child may only know that he can buy anything if he has money. But, it would be better if we teach them to understand things from their classification, which ones fall into the category of needs, wants, and also hopes. When children already know this concept, of course it will be easier for children to set aside their money to save.

Take the Child to the Bank and Open Their Own Account

Children will understand better what it means to save if they experience the process first hand. Therefore, it is necessary to open a child’s personal savings account and let the child know the process from the start.

If a child is good at saving from an early age, of course in the future, he will grow into a person who really appreciates money by not using it excessively.

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