Simple Ways To Teach Kids To Save Money

Disclosure: This post is being sponsored by Camp Warner Bros. All opinions expressed here are my own.

As we embark on to week 5 of Warner Brothers virtual summer camp we are going to explore ways for kids to learn to save money. Over the last five weeks, we have learned to channel our inner superhero, Bond with one another, use our senses, and make science fun. Learning to save money is a great life lesson for kids to learn.

As the world tries to work their way through the pandemic and all the uncertainty that this virus has brought us. Money is a huge thing right now with some families having lost jobs and others learning to budget. Learning to save for a rainy day like this is a must. It is also the cornerstone for building wealth.

Simple Ways To Teach Kids To Save Money

Start an open conversation

One of the most important things you can do is to start a conversation about money and the importance of saving. Money doesn’t have to be scary or difficult.  Discussing money can be as simple as asking a question. A question such as “Are we rich?” can be answered in a way that emphasizes family values, such as hard work and responsible spending.

Also, discuss the difference between needs and wants and tell your child you are always open to talking about money and new ways to save.  Ask them about what they want to save up for.  Ask them what they want their future to look like

Start a piggy bank

A piggy bank can be a great way to teach your kids the importance of saving, while giving them an easy way to do it.  Tell your kids that the goal is to fill up the piggy bank with dollars and coins, until there is no room.  Show them that the piggy bank is for saving money for the future and that the more they save, the more their money will grow

Let your child know they can have an allowance, but it’s up to them to save up for things they want.  Show them how much their money can grow over time if they save.

Help them create their own piggy bank. Like these adorable Teen Titans Go! Vs. Teen Titans  Character Banks.

Lead by example

Children learn by example, so the best way to teach your child about saving money is to save money yourself.  Have your own jar of money that you put funds in regularly.  When you’re out shopping, show your children how to discern between various prices and explain why buying one item makes better sense than another.

Along with teaching your child the importance of saving money is the importance of family. Family is always going to be more valuable than a dollar so be sure to spend some quality family time together. Pull out some fun movies or shows like Teen Titans Go! Vs. Teen Titans available now to own on Digital, Blu-ray & DVD  .

About Teen Titans Go! Vs. Teen Titans

In Teen Titans Go! Vs. Teen Titans, the comedic modern-day quintet takes on their 2003 counterparts when villains from each of their worlds join forces to pit the two Titan teams against each other. They’ll need to set aside their differences and work together to combat Trigon, Hexagon, Santa Claus (that’s right, Santa!) and time itself in order to save the universe.

What tips do you have to help kids save money? What has work for your family?

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