Good to save money from childhood
By nirmala12
@nirmala12 (9)
India
November 6, 2012 11:19pm CST
One of the smart way to "make money,is to save money" for our future. We should be the Role Model for today's generations. "Saving is an art" and it should come from our childhood. In Indian schools, It is a compulsory thing for childrens to open an account in their nearby bank. They need to deposit certain amount for each month.
It's a good thing too... So we won't suffer when we need money in our future. Student's also know the value of money.
1 person likes this
5 responses
@scheng1 (24649)
• Singapore
17 Nov 12
Hi Mirmala, I agree with you that children should learn to save.
Sometimes parents are not teaching them the right method.
Instead of letting their children save out of pocket money, the parents deposit money directly into saving account.
While the money grows, the children definitely do not learn about savings.
They do not learn that we have to give up on impulse buying, so that we have money for the future.
They also do not learn the difference between needs and wants.
@tedifa (1232)
• Indonesia
9 Nov 12
I also teach my son to saving his money since he was 2 years old.He save in a toys with little hole.Beside that he save in his school.It's really important to teach him and care about the future.Every one year he always open his saving toys and very happy with that.He ask me to buy education games or books.And beside that i teach him to help poor peoples.With this way he will know to appreciate his money and care with each other.
@ellyse2003 (1463)
• Philippines
7 Nov 12
It would be better if we save while we are still young, for children it would be great if we are able to teach them how to save up. When they get older, they will have money for school or even buy their own house. At least when they save their money monthly, that will be their routine till they get older.
@Kashidanga1971 (1354)
• Bangladesh
7 Nov 12
We must turn saving money for the future into a habit and insert into our kids. Along with saving money they must lead a frugal living of life. Thinking for future is the act of the wise. We must build our future in present that is right now. Thanks for serving such a important post. Happy mylotting.
@edvc77 (2140)
• Philippines
7 Nov 12
It is good to teach our children to save money. I teach my 3 year old son too. He has two coin banks and whenever I have coins, I give them to him. I let him be the one to put the coins in the coin bank so that he will really know how to save money. Then I say, "save money, son." I also believe that an early age, one should know the value of money and how to save money.
