My daughter is 5 and is just starting to get interested in money. I have given her a piggy bank and she now helps me with a few things to earn money. I think it is so important to teach kids about money early as this will set them up for life.

it is a great thing and very important to teach kids about money management and getting them excited to save money

My kids were very industrious and used to draw paintings and then sell them to the neighbors for 20cents…lol
Or they would trash my kitchen by making muffins and then sell them to neighbours….
I remember once telling them to go to a certain neighbour and once they had left I phoned her and asked her if she could buy all their muffins and I would pay her back the following day. She did but then refused to take money of me as she said the muffins were amazing… LOL

Really good knowledge to know! Thanks for sharing this!

Thanks again for sharing; we have set up some savings goals.

I love the idea of the Money Savvy piggy bank. Thanks for featuring that!

As much as I want my kids to save without having to use their money that ive taught them to sell their unwanted toys to save up or buy their choice of a toy. Ive decided to open a different bank account where they wil not know about until they are 21 yrs of age so they can buy a house or car wisely. They do have their own bank account which I show them their savings.turned out showing them their own savings encourage them to save more by competing each other which that has came naturally themselves. Told them they both had $200 ech. My daughter youngest is now $25 more infront Of my son.

Love the ideas and tips you have given here, the piggy bank sounds like a super idea

Interesting article and tips. I love the piggy bank tip with different slots for spending, saving, donating and investing.

I’ve seen those piggy banks and I think it’s a cool idea and love the rest of the tips here too, thanks.

Most kids have a piggy bank and they do enjoy saving and counting their coins over and over again LOL. My son try’s to take all the loose coins he finds all over the house – cheeky bugger is going to be richer than me soon.

I really like these tips. When my little one gets a bit older, I will definitely be teaching him the value of stuff and how important saving is.

At 2 1/2 years old we taught my niece that anything you buy has to be paid for. We spoke the lady at the coiunter and explained that my niece had to give her part of the money and Mum gave her the rest of the money to buy a pillow she wanted.
Another child aged 7 years complained to that her parents hadn’t bought her something she wanted. I explained to her that they had to earn and save the money to pay for it first, that they had just built a new (basic) house. As I wasn’t successful in making her understand that the house hadn’t been completely paid for I passed that chore onto her parents. It’s not just the bulding itself it meant more furniture to replace old which was falling apart and the yard has to be fixed – it is clay soil – slippery when wet. The kids have money boxes. The 7 year old has to earn her pocket money. The younger one is too young and tiny to help apart from “put” his unbreakable plates etc, in the sink –or close the cupboard doors while we are still putting things away in them.

I think starting young gives them so much more, kids seem to think that money just gets in your purse and it is a never ending supply

Great ideas. I like the idea of a see through money box with different slots for different savings. I was always taught spend some and save some.

this is brilliant, making it fun early on ma.kes one massive difference,, like the bit about donate as well….so important

Thanks, I never thought about it that way. Will definitely consider when we get older. I don’t think our town is big enough for a farmers market though.

Fantastic tips, thank you very much

Great tips. Will have to teach the kiddies these ones.

fantastic tips, will remember these