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How do you encourage your children to start saving?

  1. reena_yadav profile image77
    reena_yadavposted 6 years ago

    How do you encourage your children to start saving?

  2. kafsoa profile image71
    kafsoaposted 6 years ago

    By giving them bonus. Like if you save ten you'll get 2 bonus and make a competition "A prize for the saver of the month" or things like that.

  3. cheerfulnuts profile image60
    cheerfulnutsposted 6 years ago

    Hi reena_yadav! I have recently written a hub about it. You can check it on my profile.

  4. scauthor1969 profile image65
    scauthor1969posted 6 years ago

    I have a son who recently turned four years old. We are going to start giving him some money each week for doing a couple of small things like picking up his toys, putting his clothes in the hamper, etc.

    He is going to have to save a portion for the future, give a portion away and then he can spend or save the rest for something he wants. I think the point is to start them young so that it becomes an ingrained habit.