Are you looking to teach your bairns about the value of money? Well, it’s time to set a goal for them and get those piggy banks jingling! Making saving fun can be a great way to instill good financial habits from an early age. So, let’s dive into some ideas on how you can make money goals with your kids this year.
Show Them the Power of Pennies
No need to break the bank when teaching your wee ones about saving. Start small by encouraging them to save their pocket change. Whether it’s finding pennies on the street or putting away their weekly allowance, every little bit counts. Help them create a visual representation of their savings by using clear jars or containers so they can see their progress grow over time.
Create Savings Challenges
Add some excitement to saving by setting up challenges for your kiddos. For example, challenge them to save a certain amount within a specific timeframe and reward them with something special once they reach their goal. This could be anything from a day out at the park or even that toy they’ve been eyeing up in the shop window.
Teach Them About Budgeting
Making sure our wee ones understand where their money goes is just as important as saving it. Sit down together and help them create a simple budget plan for any extra cash they receive throughout the year. Encourage them to allocate funds towards different categories like toys, treats, and charity donations so they learn how to prioritize and manage their finances wisely.
Achieve Their Dreams Together
Saving isn’t always easy, especially for young minds full of big dreams! Help your kids stay motivated by discussing what they want to achieve with their savings. Whether it’s a family vacation, a new bike, or even starting their own business someday, having a clear goal in mind will keep them focused and determined.
In Conclusion
So there you have it! By involving your kids in setting money goals for 2019, you’ll be teaching them valuable life skills while making the process enjoyable. Remember to keep things informal and fun as you guide them through this financial journey. With some patience and creativity, your wee ones will soon become savvy savers!