Finance and Savings

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Teaching children to save is important for this to be a habit, not a heavy burden. For many adults, saving is very difficult and it is because we have not learned it since children.

Why save money?

Saving is important for the future. Money can be saved for a while to use it later. The saving is very important as it allows to face necessary or unforeseen expenses in the future and improves the quality of life.
People who save, during their life. This allows you to enjoy friends and family when they reach retirement.

Saving is the action of separating a part of the monthly income that a person or company obtains to save it for a future, can be used for some important expenses they have, some unforeseen or economic emergency. In terms of theory Economic saving refers to that part of income or income not devoted to consumption, but for other purposes and is an important economic concept...

How to teach children to save?

1. Tell them how to make a smart purchase and let them make their own decisions, even if they disagree with them, remember that we all learn through mistakes.
2. Encourage them to set goals in the short and medium term, with this they will learn to postpone the immediate satisfaction of compulsive shopping and realize that savings will gradually have to satisfy a taste, even if it is very expensive.
3. If they ask for something that is too expensive, they can propose that they divide the spending in equal parts, they will see that they will save with more momentum, just as when they have the product in their hands they will value it and take care of both qualities, which they did to acquire it.
4. Never say "I do not have money" because you will surely lose credibility with them when you see what you buy. Explain that you can not provide that amount because you have it for other things: the pantry, payment for services, etc.

Activities:

• Put the video to the children, then dialogue and exchange questions and answers; About what they learned from the video.

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• Answer in your notebook.

1. What is money?
2. Where does the money come from?
3. Where is the money saved?
4. What is the money for?

• Have fun with the kids, making a piggy bank: You do not have to spend a lot of money, use any recycling object, you will realize that kids enjoy making their own piggy bank and providing ideas on how to do it. Encourage them to deposit their coins every time they receive money and think they will use it in the future.
  Here is a video that can help you.

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Referencias:
[1 ] http://www.abc.es/familia-ahorro/20131022/abci-educacion-financiera-ahorro-aviva-201310221351.html
[2] https://es.wikipedia.org/wiki/Ahorro
[3] http://eldiariodelanena.com/estrategias-de-ahorro-para-ninos/

If you have not seen the previous post I invite you to see it,

1. THE MONETARY SYSTEM # 1 (The Barter)
2. THE MONETARY SISTEM # 2 (THE COIN)