How to make your children save money???
By rhie0216
@rhie0216 (289)
Philippines
February 3, 2007 7:01pm CST
Children learn best by example and if they see their parents are good money mangaers, they are likely to follow that behavior. As you are teaching them moral lessons, take time to include financial lessons. Tailor fit your advice to your kids' ages - those in grade school can already understand the concept of savingfor something, while your children in high school will need to know the difference between needs and wants. So, what do you think about it???
1 response
@ssh123 (31073)
• India
4 Feb 07
Myself and my wife put the coins in a box. Similarly children are given pocket money and they do save it and put in a box. Once in 3 months, these coins in their box is counted and notes are given to deposit in the bank in their account. I also give double the amount of saving they do as an incentive.
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