Introducing How to Save Money To Children

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EARLY age is a time when your child learns many things. At this age is the pervasive learning and the beginning of the formation of characters and habits that will be brought into adulthood.

For that it is important to teach precisely so that your child has a good stock when growing. In addition to teaching about knowledge, academic intelligence and courtesy, parents also need to introduce about the concept of money and saving to children from an early age.

Teaching children to be able to do things in their lives is one of the duties parents have to do. These things will eventually become provisions that can make children able to manage themselves and become independent from the beginning. Some activities will be very well done since they were small, including regulating issues finance and introduce things to them.

Introducing money to children and teaching it how to use and manage it well is one of the parents' efforts in educating children. In this way, the child will understand what is allowed and should not be done in managing finances. Children will be more wise to make decisions in managing finances properly and correctly.

Included also in introducing to children about the concept of saving. Parents need to introduce to children the difference between saving in a bank by saving money in a piggy bank. Like the advantages of saving in a bank by earning interest, security is guaranteed, there is no time limit in saving in the bank so it can be used until the adult child.

But also need to be told the weakness of saving in the bank as there are administrative costs every month, small interest rates, and sometimes if not save often there is a deduction of administrative costs that can reduce the balance.

Parents can also introduce the technical things in the bank to the child including the use of a good ATM and true. If parents have older children, start telling you that sowing is not an investment. Because if calculated, the interest provided by the savings is not proportional to the tax cut and inflation per year.

For parents who have children aged 2-8 years, a piggy bank is a very effective saving learning tool. Why is that? if children start saving in piggy banks then parents can see and teach how to insert each coins and sheets that he got directly into the piggy bank he has.

While saving in the bank may be a child must wait for parents to bring it to the bank. So the possibility of money that he wanted to tabungkan, instead used to buy candy.

That's roughly how to educate children to save early because from here they know to learn great and manage their own financial needs when they grow up.

by @dsatria