TIPS ON HOW TO TEACH YOUR KIDS TO SAVE MONEY

A lot of teens nowadays do not understand the value of earning and spending money. Probably they were not oriented that investing is necessary even if they are still students. As parents, you play a crucial role in this area. Why do I say so?
You should be able to teach your kids on how to save money, they should be able to understand the concept of money and investment at the early stage of their life. This will prepare them to learn money management, as they grow old.

Here are some tips on how you can teach your children how to save money:

1. Your children should be educated to know the meaning of money. Once your children have learned how to count, that is the perfect time for you to teach them the real meaning of money. You should be consistent and explain to them in simple terms and do this frequently so that they may be able to remember what you’ve taught them.

2. Always explain to them the value of saving money. Make them understand the importance and how it will impact their life. It is important that you entertain questions from them about money and you should be able to answer them right away.

3. When giving them their allowances. You need to give them their allowances in denominations. Then you can encourage them to keep a certain amount for the future just incase. You can motivate them to do this by telling them that the money they saved can be used to purchase a new pair of shoes or the toys they want once they are able to save up.

4. You can also teach them to work for money. You can start this at your own home, once in a while, you can pay them little money every time they clean their rooms, do the dishes or feed their pets, this concept of earning little money, this will make them think that money is something they have worked for and should be spent wisely.

5. You can teach them to save money by giving them piggy banks ..This is a very good idea, where they can put coins and wait until it gets full and then open it and shoe them, this could be fun you know, because my mum did same for me. You can as well open a bank account for them and let them deposit money from their allowance. You should always show them how much they have saved up to keep them motivated.

Saving money is not something a child can learn in one sitting, you should be patient in teaching them and also relating the value of money in all of their activities. Children will learn this easily if you are patient and consistent in guiding them and encouraging them in this endeavour. God bless you as you do so.

I hope you enjoyed this post? Please don’t forget to subscribe to get updates from me and exclusive tips only for my lovely subscribers, comment, and share to your loved ones.
I would love to hear your view on this topic, kindly use the comment box.

Happy Independence Nigeria and happy new month lovelies
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Wishing you all a fruitful week and a wonderful new month.

Lots of love 

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103 Comments

  • Reply
    Fashionably Idu
    October 2, 2016 at 11:40 pm

    This comment has been removed by the author.

  • Reply
    Fashionably Idu
    October 2, 2016 at 11:41 pm

    I totally saved this for my daughter to read. She is awful at $ handling. Great tips babe.

    http://fashionablyidu.com/

  • Reply
    Svetlana Procopova
    October 3, 2016 at 1:24 am

    Very useful tips!Must know for every parent.
    Thanks for your nice comment on my blog!
    Kisses
    Svetlana
    http://capemaychic.weebly.com

  • Reply
    Katrina Fernandez
    October 3, 2016 at 3:01 am

    Ohh thanks for this tips, I will definitely follow this tips for my son. So excited to his savings!

    Checkout my new blog post SAMMYDRESS REVIEW
    xoxo, Katrina | Instagram: @katrinaisha

  • Reply
    Comfycozyup
    October 3, 2016 at 3:34 am

    Great tips! I had a piggy bank as a child and I still have one now, mostly as a decoration. A piggy bank is a good way for kids to save.
    http://www.comfycozyup.com

  • Reply
    Jeanne
    October 3, 2016 at 5:13 am

    Awesome tips for grown ups too!;)
    ♥☻♥☻♥
    Jeanne
    http://fashionmusingsdiary.com

  • Reply
    Elizabeth Serencio
    October 3, 2016 at 5:30 am

    As a future parent, this is such a helpful post for us. It's really hard to raise a child and thank you for sharing this. Hope you could visit my blog too.

    Elisha | http://loveelisha.net

  • Reply
    Laura Mitbrodt
    October 3, 2016 at 6:46 am

    I dont have kids but these seem like great tips, I want a piggy bank
    xo
    http://www.laurajaneatelier.com

  • Reply
    Sharon Wu of Style Lullaby
    October 3, 2016 at 7:17 am

    Great tips! My parents definitely practiced many of these to teach me the value of money today. 🙂 xo, sharon

    http://www.stylelullaby.com

  • Reply
    ♥♥ SzandraVNR ♥♥
    October 3, 2016 at 7:48 am

    I don't have kids, but I'd like to be a mother soon so your post is really useful. *w* Great tips.
    xoxo, Szandi
    [Beauty and Destroy]

  • Reply
    Federica Di Nardo
    October 3, 2016 at 7:56 am

    Well said!!

    Federica Di Nardo
    http://federicadinardo.com

  • Reply
    Kachee Tee
    October 3, 2016 at 8:36 am

    Well said Tessy!

    It's so important to start teaching kids about the value and importance of money from such an early age!

    http://www.KacheeTee.com
    KacheeTee.com Kid's First Birthday – Large Party or Not?

  • Reply
    Mira Shpak
    October 3, 2016 at 9:16 am

    This is such an awesome post! Have a great new week. 🙂
    http://starlingdays.blogspot.com/2016/10/perfect-autumn-with-avon.html
    https://www.instagram.com/mira_shpak

  • Reply
    Hana Babajic
    October 3, 2016 at 9:56 am

    These are all very great and useful tips. They'll come handy in the future.

    TRENDGALORE
    INSTAGRAM

  • Reply
    C.
    October 3, 2016 at 10:47 am

    These tips seem great and very interesting! Though I don't have kids (yet) 🙂

    xx

    Claire from Dresscape
    http://www.dresscape.com

  • Reply
    Elena Dal Maso
    October 3, 2016 at 11:25 am

    Thanks for sharing all these useful tips, my kids are growing up and I'm trying to teach them the value of money 🙂

    xoxo
    http://www.bellezzefelici.blogspot.com

  • Reply
    Angel Pinkoolaid
    October 3, 2016 at 11:50 am

    thanks for sharing these tips 🙂 very helpful

    http://www.pinkoolaid.com/

  • Reply
    Paola Lauretano
    October 3, 2016 at 12:09 pm

    Great tips hun, I need a piggy bank!!!
    Kisses, Paola.

    Expressyourself

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  • Reply
    Rach DiMare
    October 3, 2016 at 12:48 pm

    This is helpful! I am keeping these advices in mind when I have my own kids 🙂

    http://www.rdsobsessions.com

  • Reply
    TinyTiff
    October 3, 2016 at 12:50 pm

    Happy new week! Absolutely great tips! I share with parents to get three jars. Label each charity, savings and spending. .. so they can separate their money and visually see how their money should be divided each time they receive it. Thanks for sharing and blessings to you!!

    Tiff
    http://www.dashoffashandfinance.com

  • Reply
    Straight A Style
    October 3, 2016 at 1:24 pm

    Good tips for an important lesson.

    Amy Ann
    Straight A Style

  • Reply
    Brenda's Couch
    October 3, 2016 at 1:37 pm

    As a young lady growing also, I had this problem but after my secondary school and the money wasn't coming frequently, I had to adjust and started valuing money. Its a teen affair and its better for parents to actually let them know what money is really meant for at a very young age, even before ten years.

    Brendascouch.com

  • Reply
    Jacquard Flower
    October 3, 2016 at 1:49 pm

    Great tips, thanks for sharing them. Gemma x
    http://www.jacquardflower.uk

  • Reply
    Shelleen
    October 3, 2016 at 2:14 pm

    Such great tips! x
    A Blushing Beauty Blog x

  • Reply
    What Would V Wear
    October 3, 2016 at 3:08 pm

    Such a great post and indeed so important! I am teaching my son to save and he learns counting at the same time!
    xoxo, Vanessa
    http://www.WhatWouldVWear.com

  • Reply
    Angie España
    October 3, 2016 at 6:29 pm

    Great tips! <3

    http://www.angiespana.com

  • Reply
    Nequéren Reis
    October 3, 2016 at 7:18 pm

    Que maximo essa dica, tenha uma semana abençoada, obrigado pela visita
    Blog:https://arrasandonobatomvermelho.blogspot.com.br
    Canal:https://www.youtube.com/watch?v=DmO8csZDARM

  • Reply
    Andreea Birsan
    October 3, 2016 at 8:21 pm

    Great tips! Will have some of them in mind, for when I'll have kids, haha. x

    Have a nice week,
    Andreea
    http://couturezilla.com/

  • Reply
    Darriyan Cateland
    October 3, 2016 at 8:42 pm

    Such a great post! Great tips too!

    Darriyan♡ | http://www.darriyancateland.co.uk

  • Reply
    Sophie Atieno
    October 3, 2016 at 8:46 pm

    Happy new month to you too although it is the 3rd.These are great tips .They would totally work.
    sophieatieno.com

  • Reply
    Chelsea Marrs
    October 4, 2016 at 12:32 am

    I definitely learned to save with my piggy bank back in the day! Great tips!

    Chelsea
    Chow Down USA
    Instagram

  • Reply
    Shireen L. Platt
    October 4, 2016 at 3:14 am

    These are amazing tips and one that my as a parent appreciates. Thank you so much for sharing!

    Shireen | Reflection of Sanity

  • Reply
    Miki à la Mode
    October 4, 2016 at 3:33 am

    So important to teach kids the value of money early. Great post!

    Xo,
    Miki
    http://mikialamode.com

  • Reply
    Rina Doria
    October 4, 2016 at 6:39 am

    I think this is such an important thing to do! Neither mine nor my hubby's parents every discussed finances with us and we had to learn it all on our own. It would have been nice to have someone providing us some guidance at an early age so we could understand how it all worked as an adult.

    xoxo Rina
    http://www.andshedressed.com

  • Reply
    Jadiee Gosh
    October 4, 2016 at 8:48 am

    just come across your blog post ! I am in love – love the layout and the stlye its perfection!! can't wait to see more from you !!

    Jade

    http://myroutinesjade.blogspot.co.uk/

    https://www.youtube.com/channel/UCTtMCZAMqqVczMUtwVWf7VQ/featured

  • Reply
    Sarah Modeee
    October 4, 2016 at 9:09 am

    Hello,

    Amazing ! 😀

    Sarah, http://www.sarahmodeee.com/

  • Reply
    Holly Olivia
    October 4, 2016 at 9:28 am

    I don't have kids, but this is definitely useful for myself! I tend to get a bit spend happy after payday! Great post x

    http://www.bisoushollyolivia.co.uk

  • Reply
    Adrika
    October 4, 2016 at 2:56 pm

    great tips
    NEW BLOG ! please follow me : YOUNG BLOG

  • Reply
    awhite
    October 4, 2016 at 4:08 pm

    So many great money-saving tips! 🙂

    -Ashley
    Le Stylo Rouge

  • Reply
    Fabrizia Spinelli
    October 4, 2016 at 4:09 pm

    Very useful and clever tips!
    Fabrizia – Cosa Mi Metto???

  • Reply
    Gingi Freeman
    October 4, 2016 at 4:13 pm

    Great post.. hubs and I are using Dave Ramsey principals to teach our little ones, but they are still tiny, so we have some time to work it all out, haha.. – http://www.domesticgeekgirl.com

  • Reply
    Gingi Freeman
    October 4, 2016 at 4:13 pm

    Great post.. hubs and I are using Dave Ramsey principals to teach our little ones, but they are still tiny, so we have some time to work it all out, haha.. – http://www.domesticgeekgirl.com

  • Reply
    Mihaela
    October 4, 2016 at 4:47 pm

    great post! i hope you're having a wonderful day!

    mfashionfreak♥blog

  • Reply
    Cristina SF
    October 4, 2016 at 7:32 pm

    Great tips! I think it's really important to teach kids to save from an early age. The should be taught to value the things they have and to know how hard it is to earn money!

    http://www.memoriesofthepacific.com

  • Reply
    Dressed With Soul
    October 4, 2016 at 7:42 pm

    In my opinion this is so important and I did the same with our now grown up children!
    xx from Bavaria/Germany, Rena
    http://www.dressedwithsoul.com

  • Reply
    chiara di palma
    October 4, 2016 at 10:52 pm

    very useful tips!!
    http://mamodebychiaradipalma.blogspot.it/

  • Reply
    Tessy Onyia
    October 4, 2016 at 11:31 pm

    Thank you!

  • Reply
    Tessy Onyia
    October 4, 2016 at 11:46 pm

    Thank you hun.

  • Reply
    Tessy Onyia
    October 4, 2016 at 11:48 pm

    Thank you love.

  • Reply
    Elle
    October 5, 2016 at 12:22 am

    Piggy banks and chores were very helpful, as was the not getting the allowance when things were not done, the hardest part, but it is effective and best to learn early.
    Great tips and ideas!
    xx, Elle
    http://www.theellediaries.com/

  • Reply
    Bubu Green
    October 5, 2016 at 4:22 am

    Great tips Tess. Growing up, I was a die-hard saver. I went as far as keeping records,not just slotting coins into my piggy bank. We need to teach them.
    http://www.bubusboulevard.com

  • Reply
    Tessy Onyia
    October 5, 2016 at 7:56 am

    Thank you pretty.

  • Reply
    Tessy Onyia
    October 5, 2016 at 7:58 am

    Oh wow! thats great. Thank you love.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:01 am

    Thank you dearie.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:03 am

    So true, Thank you dear.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:05 am

    Wow!how cool? Thanks dear.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:06 am

    Thank you Szandra.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:07 am

    Thank you!

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:09 am

    Thank you hun.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:12 am

    Thank you!

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:12 am

    Thank you!

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:15 am

    Thank you Hana.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:17 am

    Thank you pretty.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:19 am

    Thank you. Glad you found it helpful.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:25 am

    Thank you.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:30 am

    Thank you pretty!

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:35 am

    Oh wow! Thanks.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:37 am

    Wow! That is a cool idea.Thanks dearie.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:38 am

    Thank you dear.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:39 am

    Thank you for this!

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:40 am

    Thank you dear.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:40 am

    Thank you.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:41 am

    Great.Thank you.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:42 am

    Thank you.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:42 am

    Thank you.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:43 am

    Great dearie. Thanks.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:43 am

    Thank you dear.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:52 am

    Thank you!

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:55 am

    Wow! Thats great. Thanks.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:55 am

    Thank you Shireen.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:57 am

    Thank you dear.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:58 am

    Oh wow! So true dearie. Thanks for reading.

  • Reply
    Tessy Onyia
    October 5, 2016 at 8:59 am

    Thank you love.

  • Reply
    Tessy Onyia
    October 5, 2016 at 9:00 am

    Thanks Sarah.

  • Reply
    Tessy Onyia
    October 5, 2016 at 9:02 am

    Thank you Holly.

  • Reply
    Tessy Onyia
    October 5, 2016 at 9:03 am

    Thank you.

  • Reply
    Tessy Onyia
    October 5, 2016 at 9:04 am

    Thank you hun.

  • Reply
    Tessy Onyia
    October 5, 2016 at 9:05 am

    Thank you!

  • Reply
    Tessy Onyia
    October 5, 2016 at 9:08 am

    Thank you!

  • Reply
    Tessy Onyia
    October 5, 2016 at 9:12 am

    Thank you, sure dearie.

  • Reply
    Tessy Onyia
    October 5, 2016 at 9:14 am

    Thank you!

  • Reply
    Tessy Onyia
    October 5, 2016 at 9:15 am

    Wow! Thats great ma! Thank you for stopping by.

  • Reply
    Tessy Onyia
    October 5, 2016 at 9:16 am

    Thank you dear.

  • Reply
    Tessy Onyia
    October 5, 2016 at 9:17 am

    Thank you for your contribution sweet.

  • Reply
    Tessy Onyia
    October 5, 2016 at 9:35 am

    Aww! Thats so cool Bubu, nice one.

  • Reply
    Doused In Pink
    October 5, 2016 at 1:26 pm

    These are great tips! It's so important to teach out kids the value of saving and how to manage their money. We have ours save 10% of her allowance and any money earned.

    Jill
    Doused In Pink

  • Reply
    Ann-Marie Cato
    October 6, 2016 at 2:10 am

    These are such great and useful tips! I have two little girls and we teach them the impotence of saving and they are very good at it too…Lol
    Their Dad thought them well! Thanks for sharing!

    Face to Curls | http://facetocurls.com

  • Reply
    Mr Amodu
    October 7, 2016 at 10:02 am

    Every parents need this for their children. Very informative.

    A trial will convince you . Join me here for more information

  • Reply
    trendy chickadee
    October 8, 2016 at 5:07 am

    Awesome post! I definitely need to bookmark this for the future.

    Xx
    Molly
    http://www.trendychickadee.com

  • Reply
    Naomella
    October 10, 2016 at 1:25 pm

    I love such posts Tessy! You provided great tips! I agree on everything and I really think that it is very important to teach a kid the value of money as soon as possible. xoxo

    http://www.naomella.com

  • Reply
    glowy shoe
    October 12, 2016 at 5:56 pm

    I totally agree with you.. Especially on the piggy bank.. It helps lots of adults save not just children alone
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  • Reply
    Francesca Gori
    October 13, 2016 at 4:44 pm

    Very interesting post..I think that is very important learn to save the money…expecially in the children thank you for sharing
    HOW CHANGE THE FASHION INDUSTRY:THE EXAMPLE OF DOLCE E GABBANA

  • Reply
    emefielegregory
    December 8, 2016 at 9:02 pm

    Great tips, thank you for this. Great blog by the way.

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