Financial Education for Kids - How to teach Save A Child

A famous saying says, "always increase costs to become equal to the revenue." The saving is not a skill that comes naturally to us. We have rather the tendency to spend as we have the means in our power to do so. No matter how much a person earns, always want to spend it all, at least you've learned to discipline and saving. You think you have certain needs and needs met, but once they are covered multiply and are transformed into 10 additional needs. The needs are very relative and must be careful and very wise in setting the right priorities in our lives. This is even truer in the life of a young person. Young people are not aware of the fact that one day their ability to produce and work will decrease. Unnecessary expense and often relying on excessive debt that will have "all his life" to pay debts.

The problem is we do pay their debts throughout his life, but they will not be able to do a good supply for the future. Not to mention financial independence, a goal that everyone could reach. So one of the most important things we can teach our children money management when it is like saving. I want to share as we teach our children to save. Like all children, my children were dazzled when they were in their hands the power to buy something. Instead of wondering what options would have on that ticket that someone had given away, or they had earned working, wondered what else could buy. Nor were they crossed the mind the possibility of not spending! To teach the valuable lesson of saving my husband he proposed the following deal: He said that for every dollar they did not spend it they would pay an additional weight within a year. Holy remedy! Stopped spending money and start saving immediately. In that year he formed in them the habit of saving. They realized that spending money is not the only option, something that many adults still unknown.

Today, our two older daughters have been able to use their savings to make investments more profitable than a simple savings account.