Money Saving Tips for Children

     Money makes the world go 'round, and you better believe today's teens are a big part of this world. Every day teenagers spend money on everything from snacks to video games to make-up! As our childre get older more money passes through their precious hands.
    Looking to the future,  today's teens can look forward to some major expenses. Where will they  find the money for a car, college, and a place to live?  Will there be jobs to fill? What opportunities will our children have?  Maybe now is a good time to help our young ones learn some basic money matters. Like how to save a little. And spend a little less than they might be inclined to. 

    Check out these money saving tips for your children.

 Remember - just a little bit of money can add up to a lot of cash with careful saving and investing!  Simple habits - like avoiding all those needless sodas and fat-filled snacks in the vending machines. Putting a little bit aside each month. And leaving your savings in the bank - or some other safe investment. Simple habits, developed early can eventually lead to spectacular results! 

 Learn lots, save some, and remember to brush your teeth.

Teaching our Children to Save Money!

I hope I can teach my children to be better savers and investors. Lessons learned at an early age seem to stick with us longer. I can still remember my Dad admonishing me to start saving my money while I was in grade-school!

Here are a few ideas to teach your child to start saving money early:

Start with a short-term, easy goal like saving for a favorite toy. Teach them the relationship between work and money by tying an allowance to small household chores. During each payment, separate spending money and savings in front of your child, and place the savings into a clear jar. Seeing their money accumulate will enable them to see the results of their savings efforts.

Once a savings goal is reached, make a big event of the purchase. Be sure to let your child carry the money and hand it over to the cashier. As your child grows older, you can create longer target dates for purchases. ( Like the dreaded first car every teenager inevitably wants! ) Encourage them to save and, if you can afford to - you might offer to match each dollar they save up to a certain amount.

Maybe if we encourage our young ones to start saving money at an early age they will develop a life long habit of saving and investing a portion of everything they earn! Here are some more money saving tips for children.

Lessons for 2009 and beyond

"The greatest good you can do for another is not just share your riches, but reveal to them their own." -- Benjamin Disraeli

I hope someday down the long, wonderful road of life my son will remember something he learned from me. I hope he will share and teach someone he loves as much as I love him. I hope I can teach him to love – and be loved better than I have. Of all the lessons he will undoubtedly encounter ( and hopefully learn ) I hope that love for himself and others will someday become so strongly imbued in him as to be second nature. I hope he does better than I have.

I hope he’ll learn to respect himself and others. I try to remind him often of the golden rule. I hope he is absorbing that just like he picks up on all the little nuances in Zach and Cody’s adventures.

I hope he will learn to love reading and will read often. Read some Mark Twain, some Zig, and much from the Bible. I hope he will learn from the masters just like we try to. I hope he’ll read more about the great Benjamin Disraeli and Ben Franklin than I have. I hope he’ll develop a life-long love of reading.

I hope he’ll learn to love nature and the great outdoors even more than I do. And learn to treat this great earth we inhabit better than I have. I hope he will treat the healthy little body God gave him like a temple and practice better restraint than his Dear Old Dad ever did.

I hope I can teach him the importance of saving for a rainy day. Of setting aside some of his earnings. I hope I can teach him some money saving tips that will actually stick with him! I hope I can teach him the art of frugal living. And to start saving money at an early age!

May all our beloved young loved ones learn to love themselves, each other, and this great land we are so fortunate to live in. I hope I can teach him how to love!