It is recommended that you child understands the importance of money and saving at a very young age. Here is what you can do to help your child and make him appreciate why saving is important. Get more ideas and coupons on Couponobox.
Read books that teach on savings
There are many books appropriate for a child to read which puts in the concept of savings in a story format. Here the child understands that when one saves he is able to live through the hard times with no difficultly. However if one does not save then in times of crunch one has to go around looking for food or begging others for money and food.
Go to the grocery store with them
Let your child help you with your shopping. Teach your child why you may want to buy something in a discount and why buying in bulk saves you money. Also, tell him that when you save money on something you can use it to buy something else.
Have a piggy bank
Let your child maintain a piggy bank and save money. This could be your child’s way to start saving for something that he may need. So if your child wants to buy a game then let him pay for it himself.
If you have a real life example of someone who has been able to maintain a good life just because they saved then share it with your child. Your child will be able to relate to this and then understand the importance of saving.
Make a chart
If you give some pocket money to your child then ask them to make a chart or keep a journal of where they spent their money. This will teach them to spend wisely and not spend money on things that they may not need.