How to Educate Youth to Conserve Money
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by: GilbertTenorio
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Word Count: 543
I rely on what the Bible says about teaching our kids on what they ought to learn as early as possible. As a parent, you need to teach them the proper values as they become older. I have just one son and I learn that its hard sometimes to educate him because I'm not eager to.
I acknowledgeed my wife by reason of she has the patience of teaching our son on correct character he should posses. Recently, my wife and I bought three plastic piggy banks. Our goal is to teach our son the goodness of saving money even his just four years old.
I believe this is the most fitting action to teach him how to save. We educate him to save not for his college, but we teach him to save so that he can have money to buy for the toy he likes. I imagine it would be easier for him to understand why he must save for that reason.
I think it is very early to teach him about investing and other financial stuffs because he will not comprehend it. However, the nice thing is we are initiating to educate him the value of saving. We are beginning to deposit the seeds.
Saving is the first step to be financially fit so we are training him the initial lesson in his financial journey. As a child, he is not familiar how money works or how it earned. By steady teaching and making visuals, he can comprehend little by little how money should be gained and invested.
In our present era, we are stormed by lots of TV commercials and multi media enticing us to spend our money even if we do not need those matters. It is the justification why savers are decreasing and spenders are increasing exponentially. If we do not halt this sequence of events, we will be in great problem. It's time to wake up and start to save. It's time to teach your kids the importance of saving now not when they are old. In saving, time is also much important.
On teaching kids to save, you should motivate them why they ought to do it. Tell them to save so they can purchase their favorite toys or eat the goodies they like. If you are giving them allowance for their school, tell them to save at minimum 10% of their money. Its hard at first but it will show gain later.
Get them piggy banks or apply a bank savings account for them so they will see their money increasing. Help them to save money by empowering them. Finally, make a good example for them. If you are teaching them to save, you should also be a saver!
You know saving is not an easy thing to do even adult persons find it hard to do so. However, if your child accomplished to save at an initial stage it will be part of their life as they become older. The bible teaches us to save so that when difficult times arrive we have funds that we can use. It is very fundamental but many persons disregard about it.
About the Author
Gily Tenorio is a personal investment blogger who likes blogging on financial literacy, saving, investing, stock trading, mutual funds and make money online. For more information on how to open a savings account at PNB Philippines, you can visit Financial Management blog for more articles on financial planning, saving and investment.
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