Fun Ways to Teach Kids How to Save Money | Cute Beltz Blog

Teaching kids the importance of money choices and the act of saving money are essential parts of learning and growing.  The most important thing to do at the beginning is to make saving fun. Plus, the earlier you start teaching your kids to save money, the better off they’ll be. Even toddlers can do it, but you have to teach this concept in a way they’ll understand. Then, as your children grow, you can introduce more sophisticated saving strategies.  Here are some ways you can teach your children about saving money early on!

Set a Good Example

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One of the best things you can do is let your child see that you save money too. Put money in a jar while your child is watching and tell him or her it’s your savings jar. This will show your child that saving is “normal.” Plus, since most young children want to be like their parents, seeing you do it will provide them with money lessons that further inspire them to save.  Let your child choose his or her own piggy bank. It doesn’t have to be a pig, naturally. You can find character banks from cartoon shows and movies, or you could just get an old jar and let your child decorate it. Make it a fun and special project to choose or make the jar and your child is going to have more of an attachment to it.

Play Games

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There are a number of games available to teach financial concepts to children. Monopoly and The Game of Life, for example, can teach money management skills as well as the importance of planning ahead. Rich Dad Cashflow for Kids is another good option focused on money management.  While you are playing, point out how saving money in the game relates to saving money in real life.

Clip Coupons

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Before you recycle all those annoying circulars that arrive on your doorstep Sunday mornings, why not have a coupon-clipping fiesta with your child? Even if you’re not a coupon clipper yourself, it’s worth making the effort to teach your child about savings and discounts. He can help identify coupons that might be a good match for this week’s grocery needs (even nonreaders can do this, because most coupons include pictures), help cut them out, and put them in a large envelope.

Next time you go to the grocery store, let your child be in charge of the coupons. Depending on his age, he can be the “coupon envelope holder,” the “product finder,” the “tracker of money saved,” or all three. Afterward, talk about how much money the two of you saved and how you might use that money.

Use Cash

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Showing kids purchases with a credit card won’t do much good, experts say.  They recommend not buying items on credit cards or with checks, because that’s completely abstract.  Instead, let your kids hold the money and see the money leaving their hands.

A fun way to accomplish this with young children is to deposit coins in a parking meter. Let kids put the coins in.  That way, they get to see what money is and that you get something for it. And when kids are 3 or 4, they love putting the coins in the meter.

What are some ways you teach your kids how to save money? – Cute Beltz

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Ask Cute Beltz – Traveling With Kids, What Do I Take For Entertainment?

Q: I am traveling with a 3 and a 5 year old on an airplane, what items  should I take with me to keep them entertained.  I am afraid they may end up being the kids no one wants to sit next to, any advice?

A:  As a mother with two kids and who has traveled many places with her children, there are some key items you must have when venturing into the world of travel with kids.

1. DVD Player with headphones! – Nobody will want to listen to Dora and Diego on their adventures.  Tip:  they make a plugin for headphones with dual headphone plugins, make sure to get this attachment because you will have two headsets.  Take at least five movies, kids can often change their mind in the middle of a movie and request something new.  Tip:  Let them pick two movies each, make the 5th movie a surprise, maybe go buy something they haven’t watched.

2. Coloring Books – Take at least four or you can print some of their favorite characters from an activity website.  Nickelodeon Kids Printables and Crayola offers cool Disney Coloring Pages are good resources.

3. Gaming System – A Leapster, Mobigo, etc. will keep them busy and quiet.  Make sure to take at least two games and download a few new games from the gaming systems website, this will give them a new challenge which provides you with peace and quiet.

Hope these tips help.  Traveling with children is always an adventure, you never know what will happen.

Happy Traveling! – Cute Beltz

Cute Beltz - Belts for Kids
Toddler Belts & Kids Belts