Saturday, July 16, 2011

Teaching Kids to Save

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As early as now I am teaching my son to save money.  Anyway he is just 3 years old and not aware yet of the power of money (I think so!).  Everyday after school he will drop by at his "lolo's" house to get his P5 allowance which in turn he kept in his piggy bank.

Yeah! but piggy banks nowadays no longer comes in traditional piggy styles, they now come in all shapes and sizes.  Ivan have this "petron gasul" style we purchased from a weekend bazaar.

How to encourage kids to save
1. start early
2. keep it small
3. make it a fun activity
4. set a goal
5. make it a reward effort

So why not start it now with your kids!!!

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