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3 ideas how to encourage your kid to save

3 ideas how to encourage your kid to save

Saving, Top posts
How much money you keep is much more important than how much money you make.Robert T. Kiyosaki Top 3 things you could do with your kid right now 1. Get the “Save” piggy bank for your kid It is important to teach your kid to save as early as possible. When you start giving allowance to your kid, it is the right time to start teaching saving habits. If you want your kid to be financially free in the future, he has to learn to save. Otherwise, no matter how much money he earns, if he spends all of it, he will not be free to decide what to do. E.g. he might not be able to quit job or take a one-year sabbatical if he needs to pay all…
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Allowance for kids: debit card or cash?

Allowance for kids: debit card or cash?

Earning, Saving, Top posts
Is it a good idea to give allowance for kids by transferring it to the debit card? How old should the kid be to understand the abstract value of money? I used cash for allowance for a few years. However, I found it quite inconvenient. So, I decided to shift from cash to debit card for Faustas (9 years old) for 3 reasons: it is much more convenient, it helps him to get ready for future world and it helps him learn new things. Convenience Using debit card is much more convenient than handing over the cash. Firstly, if you give 5 euros per week, you always have to have small money. It gets more complicated if you have 2 or 3 (or even more!) kids. Secondly, if you happen…
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