It can be a challenge to teach your kids the importance of saving money. They just want to play and have fun all the time. If all they want to do is to have fun, why not teach them that saving money is also a fun thing to do? There are many activities that you can do with your kids for them to learn why is it important to save money.
From time to time, you also teach your kids to be responsible when it comes to doing chores by giving them incentives such as getting a toy, going to the amusement park, or giving them small amounts of money. So while you’re at it, challenge them to save up the money that they earned.
Here are four fun things to do to teach your kids to handle and save money for themselves:
Make A Piggy Bank
This is one of the classic ways that still work to teach your children to save money. You can make it a fun activity where you give them a container or jar that they can design on their own. Help them get started by giving them some coins and tell them to put it in their piggy banks. Kids always like a challenge, so why not make it one? You can set a deadline for when they will open their piggy banks and the person with the highest savings will get an extra reward. They will find ways on how to earn money and have the goal to save it afterwards.
Set Up A Fake Store
Another fun activity to do is build a fake restaurant or shop for your kids where they can spend money. Give them some fake money and give them options to choose from. In this manner, they will learn how to handle their money in real-life situations. Guide them on how they should decide on this kind of cases.
Go On A Treasure Hunt
Organise a treasure hunt activity in your with your kids. To make it a lot more fun you can have a theme for the scavenging hunt that is in line in what cartoon or movie they like. You can give them missions and clues so it will be an exciting activity. The lesson of this activity is you’ll teach them how hard it is to earn money, and they will learn how to value their money better.
Have A Yard Sale
How can they save money if they don’t have cash in the first place? You can teach them a fun way to earn money by having a yard sale. Tell them to decide what stuff they can sell and help them in pricing it. Give them the responsibility to initiate the yard sale, let them collect the money, give change, and even advertise their things. Your kids will learn how to find ways to be a paper grower on their own.
Every activity that you do with your kids can be a learning moment for them to save money, as long as you know how to incorporate it. In this way, you’re preparing them for their future on how they can adequately handle their finances.