Make your children money wise – Saving Tips

By Faeza
21 August 2015

Let them choose their own savings goals. It may sound like a good idea to have all of your child's savings go toward education, but little children can learn a lot from setting short-term goals that are fun and meaningful to them. The payoff shouldn’t be too far in the future and unattainable. When they are able to set goals, they grow up being able to save longer and better.

Consider savings and spending guidelines. Some families have children set aside a certain percentage of their money for savings. If you do so, make sure to give the children money in small bills—and ask their grandparents to do the same when giving cash gifts.