Teaching Children the Value of Money Showing children how to save while they are still young

Children need to learn how to save money while they are still young. Some ways to teach children to save their money is games, an allowance, and a savings account.

One of the best ways to teach small children to respect money is Monopoly.

Once a child has saved up a large amount of money, they can take it to the bank where the child can set up a savings account.


A banker is one of the best people to explain to a child how a savings account works.

Once a child puts money in their savings account the amount will increase because of the interest that it earns.

When a child starts to save money on their own, their parents should reward the child by setting a small amount of money in their account.


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