Getting kids excited about saving early is important if you want them to develop healthy habits for their adult life.
Help prepare them for a bright, financially secure future by using the tips below!
Seeing is believing.
If your kids see you saving and are able to actually see you reaping the benefits of saving money, they will definitely be more likely to save as well. So be sure to include them in the actual saving action!
- Take them to the store with you. Make the lists together and let them clip and store the coupons! Ask them about ways you all can save even more money.
- Discuss the difference of prices of similar items. Explain to them the reasons why the items are priced differently.
- Be sure to show them how much money you saved at the end of the trip to the store, and if possible buy them something that they want with the money you all saved together. This teaches them that saving money can be rewarding in the end.
- Take them to the nearest PrimeWay Federal Credit Union and open up a youth savings account. Let them help open the account, sign forms and make plans for their future with you. Seeing and experiencing this process will excite them, and let them know that you are serious about their financial future.