12 Easy Tips to Teach Children to Save##
Which parent is not happy if their child likes to save? The habit of saving must be instilled since childhood so that it becomes a habit when the child grows up.
There are various ways to make children like to save. One of them by gifting a cute piggy bank. The unique shape of the piggy bank will trigger the spirit of saving the baby. Apart from that, there are several other ways that parents can try. What are some saving tips for the baby? Here's the information.
Confused looking for the best savings? Check out the solution!
Tips for Teaching Children to Save
- Introduce Money As Early As Possible
Many people say that children do not need to be introduced to money too early because this will make them materialistic. Is that right? Of course that's not true. Precisely introducing money from an early age to children will increase their knowledge about money.
Introduce money from the smallest nominal first, after that, then to the larger nominal.
- Introduce Money Function
This can be done along with the age of the child. At that time, children's interest in various things around them will also increase. Start introducing children to various functions and other simple things about money. Provide easy illustrations and examples of doing this.
- Provide Understanding of Needs, Wants, and Expectations
By having knowledge of the differences between these needs, wants, and expectations, children will be wiser and understand how and what money should be used for.
- Teach Children to be Smart in Choosing Various Products
When watching television or listening to the radio, many times various advertisements will appear there. You can also take advantage of this moment to teach children what is good and according to their needs. Then show which advertisements are excessive and actually do not match the quality of the product. With this, children will be able to distinguish and choose various things appropriately and wisely.
- Give Pocket Money
The next step is to provide pocket money, either daily, weekly, or monthly. Giving pocket money for a certain period will teach children how to manage money well. In addition, he will also have a better understanding of how much to set aside for savings and how much to spend.
- Buy a Cute Piggy Bank
Currently, piggy banks come with cute shapes. The materials for making cute piggy banks are also varied. Starting from clay, porcelain, plastic, and so on.
In addition, cute piggy banks are also easier to find. Many sellers peddle piggy banks, both in shops and on the roadside. As a parent, choose the funniest motif that your baby will definitely like. If necessary, take the baby and let him choose the desired shape. This method will certainly increase the child's interest in saving.
- Take Children to the Bank
In addition to introducing the piggy bank to the baby, you also need to take him to the bank. After all, the bank is the safest place of storage. In addition, there is an interest rate given if the amount of savings increases.
When the piggy bank is full, there is nothing wrong if you invite the baby to move the money to the bank. Thus, the baby will also understand better what the function of the bank itself is.
- Tell the Benefits of Saving
Telling children to save is not enough without telling them what the benefits of saving are. You need to tell him what he will get from saving itself. For example, you can buy new clothes, new shoes, new toys, and so on. With the benefits that will be obtained, it is certain that the baby will be more active in saving.
- Buy Notes or Small Notes
What is the use of these small notes or notes? Of course to record the amount of money owned by the baby. So, the child doesn't just put money in a piggy bank. However, they can also start to calculate how much money they have saved. To make it easier for your baby to do calculations, don't forget to provide a calculator. Also teach them how to use the calculator properly.
- Give Her a Gift
Who doesn't love gifts? Small children to adults love it. For that, many people are willing to sacrifice to get a gift. It's the same with saving. There is nothing wrong if parents promise something valuable and give it as a gift. Ask the child what he would like to have. After that, promise him that you will buy it if his savings have reached the set target.
- Set a Good Example
It is appropriate and appropriate if parents set a good example for their children. While monitoring the child's savings, parents must also save and this habit must be seen by the baby so that he is more motivated. If necessary, also provide a plastic piggy bank for parents as a place to set aside money.
If children are taught to save, then this habit will be carried over to old age. The sooner you start, the more savings your baby will have.
- Set a Routine Schedule to Study Finance
If the child has started to grow and understand, it's a good idea to have a regular schedule to teach him about finances. Is it related to its use or various other things. Also introduce your child to various banking facilities, such as deposits or credit loans that you think your child needs to know about.
Do it the Fun Way
Teaching children about various things about saving is certainly not an easy job to do. You need to find the right time to start this early, including by using and showing real and simple examples to children.