Connect with us

Hi, what are you looking for?

Smart Money MomSmart Money Mom

Baby/ Toddler Cares

10 Tips For Saving Money To Teach Your Child

We all want our kids to learn and grow to be financially stable and caring adults. It is our job as parents to teach our kids how to succeed in this world and we want to do it in a way that will stick for a lifetime.

Here are 10 tips for teaching your child to spend, save, and give that will stick with them as they grow:

Teach through Example

The best way you can teach your child about spending, saving, and giving is to teach through example. Your child watches what you do and ultimately learns the most tips through example. So, be careful what you teach them through your actions.

Save Money in a Jar

Teach your kids to save by saving money in a family jar. Anytime you or anyone in the house has spare change, drop it in the jar and watch it add up. Count your savings with your kids when the jar fills up, and teach them how to go to a bank and put it in a savings account.

Give to Homeless

Though you may not always think about it, a simple way to show your kids to be giving is to stop by the homeless shelter and give your time, money, or donations to those in need. Bring your child along so they can see what giving is all about.

Take Presents to a Family on the Holidays

Another way to get your kids in the giving spirit is to have them choose one of their presents from under the tree to give to other kids who won’t be getting any presents. Each year have your child choose a present before it is opened and take to a family that needs it. They may not like this at first, but as the years go on, they will learn to appreciate what they have, and feel the joy of giving to others.

Help Your Kids Save for what they Want

We all want to get our children whatever their little heart’s desire, but teaching them to save for what they want is a life-long lesson. As your child gets older, give an allowance for chores so they can start saving what they get. You can, also, let them shovel snow or do yard work for neighbors to teach responsibility and saving at the same time. Help them set up savings goals for their desires and pay them allowances every month for the services rendered when helping with house chores. The savings can either be in piggy banks or be at a real bank

Let them Help with Store Lists

Without lists, it is easy to spend more than you want to. Have your child help you with store lists and making a budget for each trip. If you only have $100 to spend, make sure you only spend $100. This will teach your child how to plan ahead and budget as they get older and also to stick to the budget set.

Talk about Money

Talk about money with your kids. Financial problems don’t need to be talked about in depth, but it is important for your child to learn from your mistake and see how you are fixing it. If you don’t have money problems, talk about the importance of saving first and planning for big purchases. The more you talk about it, the more it will sink in.

Spend Money Wisely

Don’t go out and spend a bonus on a bunch of frivolous items. Teach your kids to put money back in case something happens in the future, to pay off bills early, and only buy what they need. Spending your money wisely will teach your kids to spend their money wisely as well and help them account for their finances.

Do Things for Others

If you see a neighbor struggling to rake their leaves or shovel the snow, grab your child and go out and help. As you spend your time doing things for others and include your child in helping you, your child will learn to be caring and giving.

Save for Big Purchases

Going on a trip and building experiences are part of life. Life shouldn’t just be all work and no play. Teach your kids to save for these big purchases or enjoyments. Set a plan to go on a trip or buy a new TV and save until you can afford it. This will teach your kids not to impulse buy but to save first then pay themselves later. Also, to be putting aside time for fun activities.

Life skills can come in the everyday things that you do. It doesn’t have to be a long drawn out lesson. Your kids will learn by watching what you do and working alongside you. With these tips they will save their money and properly account for their finances. Keep them involved and informed.

Other Posts You Might Like

DIY Natural Foaming Hand Soap

April 21, 2015
No Comments

View Favorite Essential Oils Below I have to say– that I’ve had a revelation here! After years of purchasing hand soap in the store, I…

Read More »



  1. Darrel Pontejo

    April 3, 2018 at 2:08 am

    Saving while still young and smart spending the money they receive is one of the basic learning you could give to your children since in our generations today we always spend money to things that are not important, so its best make them realize which is important to spend for the money saved.

  2. Jermaine Meyer

    August 2, 2018 at 10:26 am

    These are easy steps that can easily teach our kids at home. It is true that we should enlighten them about the importance of money so that they spend it wisely. They can see the difference between their wants and needs.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like

Guide & Tips

You might run for tin foil when you need to cover up those leftovers, but did you know that tin foil is good for...


I am not claiming that these are authentic Philly Cheesesteaks, I only know that they always turn out delicious and my family devoured them....

Guide & Tips

Every time I have given a room a good cleaning the last thing I like to do before leaving the room is to give...


This freezer skillet meal is quick, easy, and loaded up with healthy veggies to offset the maybe not so healthy kielbasa (lighten it up...