Introduce the concept of saving to children as soon as they can understand basic money concepts. 

Start early

Start early

2

Demonstrate responsible saving habits yourself to provide a positive role model for your children. 

Set a good example 

Start early

2

Utilise piggy banks or transparent jars to help children see their savings grow over time. 

Use visual aids 

Start early

2

Encourage saving by setting achievable goals and offering rewards when milestones are reached. 

Make saving fun 

Start early

2

Help children understand the value of waiting and saving for something they want instead of instant gratification. 

Teach delayed gratification 

Start early

2

Offer chores or tasks around the house to earn pocket money, teaching the correlation between work and saving 

Provide opportunities for earning 

Start early

2

Include children in discussions about household budgets and expenses to help them understand the importance of saving 

Involve them in family finances: 

Start early

2

Introduce children to the concept of banks and interest by helping them open a savings account in their name 

Open a savings account 

Start early

2

Encourage children to save a portion of any money they receive, whether it's pocket money, gifts, or earnings 

Encourage regular contributions 

Start early

2

Celebrate achievements and milestones in their saving journey to reinforce positive saving habits and motivate continued efforts 

Celebrate milestones 

Start early