As a parent it can be difficult saving money. But there are things you can start to meet your savings goals for your children
There are plenty of write ups about how we can teach children about money. About saving. About the value of money. But the truth is, they can actually teach us a lot about money too.
Take my 3 year old for instance. Once he learned that you can exchange money for things that you really want (like toys, chocolates) he couldn’t get enough of it. But we encouraged him to save it. And save it he did – for an entire year. And today I get to count it and find out how much he saved in what he calls his ‘Money Mickey’ (effectively a Mickey Mouse money box – see picture). Here I share his money saving tips and tricks which you can use in your own adult life too.
Children don’t always want to get a lecture about what they should do with their pocket money. But technology can be your friend. Consider these addictive apps that will teach your child about money and even make them do their chores!