Make your children money wise – Saving Tips

By Faeza
15 August 2015

Get a piggy bank. Or a jar—preferably one that's transparent—so children can see the money adding up. You can draw a line to set a visual goal, and they can watch the coins stacking up. This is more meaningful for younger children who can't add or count that well as yet, so they have some sense of moving toward that goal. Pre-schoolers can also personalize the jar with stickers or paint, which gives them a sense of connection to their money.

Take them to a bank to open their account. Yes, an actual bank branch! This helps youngsters understand where their money is going and introduces them to the concept of financial institutions. Also, check if your local branch holds any special programs or tours for children.