We all want our kids to inherit strong character and good habits from us. Teaching kids about saving money is one character building habit we can pass on to our kids. Lead them and teach them how to start saving and spending wisely in a creative and exciting way.
Your child is exactly the right age to start saving, because starting at any age is better than never getting started at all. Children as young as three can learn the value of saving. Adjusting your methods for children of school age and older might be necessary but teaching by example will work for all ages. As a mom to young children I have found that giving kids examples and rewarding them for their success leads to motivation. Continuing conversations about the need for savings will instill the value.
Your child is exactly the right age to start saving, because starting at any age is better than never getting started at all. Children as young as three can learn the value of saving. Adjusting your methods for children of school age and older might be necessary but teaching by example will work for all ages. As a mom to young children I have found that giving kids examples and rewarding them for their success leads to motivation. Continuing conversations about the need for savings will instill the value.
