If you want to generate a habit of saving in your children since they are children, we share some tips for you to start in financial education
Financial education must begin from an early age, parents can initiate their children in this education, that our little ones start saving from their childhood, they form a habit of saving that in adulthood will help them in Another questions.
At some point in their lives they will want to buy something, if you give them a small amount of money, teach them to save it so they can buy something they like or simply as a prevention that will serve them in the future, forming this habit has to be something that you instill in them from an early age.
For you to start with your financial education and this saving habit, we share some tips that will help you direct your children’s finances from a very young age, they will even help you to build a heritage that will benefit the whole family.
Explain to them the importance of saving. Talk to them about this topic in a creative way, you must make them understand why it is important for them to save, in the future they will remember your talk and they will know why you told them what they talked about.
Give them a piggy bank . Start with something small so that they start saving, in this case, give them a piggy bank and teach them to feed it, without letting them cheat, with that you also teach them the value of honesty in saving.
Open them a savings account. In one more step of their financial education, you can open a savings account, perhaps at puberty they can have access to it and start with another level of savings that will serve them for other things or unforeseen events.
Find out how you can make money. We do not tell you to put them to work, it may be that your children have the concern to sell something, they can start with sweets or other small things, in addition to teaching them the value of saving, you are also instilling the responsibility of a business.
Reward your efforts. You can reward them with their "Sunday" and redirect it with something that implies an effort for them, taking out the garbage on Saturdays, cleaning their room, may be some ideas for you to instill that value.