7 Ways to Teach Your Baby to Save Early
Saving is a positive habit that needs to be taught since children. No need to use a way that is too rigid to get children to have savings. You can teach the baby to start “investing” small-scale in an interesting way through daily activities. How to?
Know first what the importance of saving from small
It’s likely that everyone will be faced with financial problems in the future. As a parent, of course you want children to be able to deal with their financial problems well later. By instilling the habit of saving money from an early age, your child will be ready to manage his own finances because he is used to being taught since childhood.
According to Parents, small children can be taught to start having savings at the age of 3 because at this age children already know and understand what money is .
How to teach children to save from childhood
How to teach children to save does not always have to give you pocket money directly. Although in elementary school teachers generally provide daily saving facilities, but it still doesn’t hurt to teach children to save money as early as possible.
Parents still have a responsibility to teach children to save. Because, there are various possibilities that children get their own money at special moments such as Eid or Christmas, during snacks with more mature family members, from pocket money that you provide, or prize money for your child’s hard work (for example as already helping tidying up toys).
How to? Consider the following tips.
1. First introduce the concept of saving
Before teaching how to save, parents should first explain what money is and what the purpose of saving money is saving. First, you can explain that money is a medium of exchange and a means of paying.
Explain to your child that if he wants to buy something, he needs a sheet of paper called money to be exchanged for items he wants. Explain in a simple way like, “If you want ice cream , Adek must have money and exchange the money with ice cream, huh.”
Now when the child understands the concept of money, then introduce the concept of saving. Tell your child that to be able to buy what he wants, for example ice cream, the money must be saved before enough.
You can explain that saving helps to realize what the child wants. The key is that he must collect and save money little by little. When enough money is collected, then the desire can be achieved.
Also tell him that he can get money from you, don’t ask or take it from someone else.
2. Savings training while playing
Children need practice to be able to deviate money. So, parents can play tube saving with children. For example, you and your child are playing with the role of sellers and buyers in the market with counterfeit money or toys. When a child acts as a buyer, give money to the child.
Well, tell him the change in money from buying something must be saved. Perform 3 to 4 times sale and purchase transactions with change that must be taken by the tube child.
After the money is collected, then you explain that the savings from the purchase can be used for more important purposes.
3. Use a piggy bank
Small children usually like something interesting in shape. You can use a piggy bank with a cute shape or you can with your favorite favorite toy character to save coins. Use a piggy bank made of plastic without any key openings. This avoids the child being tempted to take savings before the money is collected.
4. Invite to the bank to save
The old saying that “fruit will not fall from the tree” can be used as a way for children to save money for more meaningful needs.
You can transmit saving activities by getting children to go to the bank when you have to deposit or take money.
Generally, starting from a toddler age has begun to imitate what his parents did. This can be a hidden trick so that children want to set aside money.
5. Do not immediately give all the wishes of the child
Saving must be done because there is a purpose. If you are the type of parent who gives all the desires of the child without having to bother or even save, it’s better to slowly begin to reduce. For children to work hard, try, or even wait for a while until their wishes are fulfilled.
For example, if a child wants to buy a toy, it’s best not to just give it away. You can give your child an assignment such as collecting pocket money from his allowance, by trying to help you wash the vehicle, or help shopping moms in the market while being rewarded afterwards.
Now, by collecting wages for helping parents, children can be taught while trying while saving to reach their desires.
6. Don’t forget to teach charity!
Saving the goal is not only to satisfy the child to buy toys or buy the baby’s favorite food. You can teach children valuable lessons through saving, for example by giving charity.
Explain, if you need to exemplify, that the savings that the child collects can be the way he helps or helps people who are in trouble.
Tell the child that charity also includes activities that he must do and can get used to early.
7. Promise a prize
Sometimes a child’s savings are not too much, and to buy something he wants with money from savings takes a long time.
To avoid feeling bored of saving money and preventing desperate children, parents can give gifts to children at each stage of saving.
If the child’s savings have reached 25% of the total he wants, you can give the child a gift so he is more enthusiastic about collecting savings. This can be done until the child’s savings are met.