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Fun and easy ways to teach kids about saving money

In a world where online shopping, cards and internet banking are the norm, it shouldn’t surprise us if children don’t have the most excellent or near to good spending habits.

Teaching good spending habits can be a struggle. And when it comes to kids and saving money, the struggle is real. Here are 5 tips to teach your children how to save money:

1) Discuss wants v/s needs

2) Make kids earn their money

3) Give kids a savings space

4) Leave room for mistakes

5) Talk about money

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Manali Misra

Manali is a producer and writer with a diverse background in print, web, and broadcast media. She gives form to ideas through visuals and words. Manali has nearly six years of experience in creating personal finance TV shows. In her free time, you will find her curled up with a book or exploring new places on her adventure bike.

This page is purely informational. Line does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.