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Do You Teach Your Children To Save Money?


lynnemg Rep Points: 830
Posted on April 9, 2009 at 10:49 pm
I have four children. They are all pretty young, but they are already saving for their future. They deliver papers, with myhelp and when they get paid, they have to automatically put so much aside for saving. The rest, they can spend or save, it is up to them. I have found that doing this not only teaches them how to save, but they also make better choices when spending their money. Do you teach your children to save money? How?

froggpond Rep Points: 505
Posted on April 9, 2009 at 10:50 pm
Mine are still pretty young but yes I will and am starting to teach them that money doesnt fall from the sky

mariefe18 Rep Points: 655
Posted on April 9, 2009 at 11:00 pm
she's just 7 months ol but I am pretty sure i will.

tjs198906 Rep Points: 10
Posted on April 9, 2009 at 11:05 pm
yes,I will

razz Rep Points: 625
Posted on April 9, 2009 at 11:58 pm
I don't have a child yet... I will teach them how to use money and how to save money... ^^

hahnhahn Rep Points: 825
Posted on April 10, 2009 at 12:28 am
Let them start off by teaching them how to save coins in piggy banks. And also, teach them that whatever toys or stuffs that they want, they gotta do their part by saving up to maybe 30% of the stuff, the remaining 70% will be paid by parents. I think this will allow them to have an idea that they gonna put in effort to save in order to buy stuff that they want.

success Rep Points: 10
Posted on April 10, 2009 at 12:30 am
Yes ,I want them learn how to earn money until they are small.

manasa Rep Points: 825
Posted on April 10, 2009 at 12:40 am
Yes.Everyone should teach children how to save money.It is one of the good habit that parents should teach them.Once they start saving they will understand value of the money and dont waste it.

chardyme Rep Points: 475
Posted on April 10, 2009 at 12:43 am
Yes I do, in that way he can be a responsible person when he grew up

gr8anindya Rep Points: 320
Posted on April 10, 2009 at 12:46 am
i have no child but i teach my brother for not saving money for giving him proper education.
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