Teaching children about saving money is one of the most important things a parent or grandparent could ever do.I have often been asked where does money come from,nana?
Why do we need money? There was a lot of questions that they did not understand about the subject so I decided I would take the time to explain and have a little fun with it.

Sitting them down and explaining where and how it came about and how it is used in todays
world is very important. The earlier the better to make them realize how monies play a big part in their lives and getting them ready for the real world.As long as we have known money has exsisted and a impotant factor in our lives.

When all my children was small,I would get them a piggy bank and also got them a cash register and we would play games about using money.When they would go to town,or to a store ,we discussed how much something cost and if they wanted something I usually let them bring their money and pay the cashier.

Putting up so much money for their little toys were a treat for them and learned them responsibility. We also had small jars we put up for our spending expenses,our money for tithes in Sunday school and we had a jar we put in almost every week if it was only a quarter,
for savings which we never did touch .When our piggies and jars became full , we would transfer it to bank accounts. Its fun to see how much each had saved .

If the children done extra things to help me sometimes I will award them with money.I think that encourages them to do and to save.Training them about money at an early age is good, and the earlier the better. They learn to respect it and giving them lil' jobs to do,really helps!

With working with my children it was a pretty good idea and it worked out real well so , I decided to do the same for my grandchildren.They were real excited about the earnings and the savings.They did not realize until after I explained what it was all about and it was so much fun for me and the kids to see how much they got envolved in it.After saving their money it was enough to buy their own things plus have extra for christmas!

Some children has a hard time knowing how to manage their money if not taught at an early age.
Investing monies in an savings account when small, will add up and when grown ,they will be glad of their accomplishments.Start teaching now when they are young, they will be proud you did!

Learn more about this author, Margaret Ladner.
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