Teaching Children to Save

My daughter was complaining that she did not know how she was going to teach my grandson how to save money. He likes to spend his alloted amount each week and then ask for more. His Grandpa's suggestion was to take a five gallon water jug and start putting his change in it at the end of every day.

Joshua has become very proud of his savings in the bottle, he can actually see the amount grow each week. Now, every time we go to visit, Joshua will ask if Grandpa has any change in his pocket to add to his savings bottle.

Ad


Once the jar is filled he will also have fun rolling the money to take to the bank. Do not use the machines at the grocery stores to roll your change, as they end up costing you about 7% of what you have rolled. That is, of course, unless you have an account at an institution like Commerce Bank, which offers the service gratis - a rare commodity these days in banking.

By Bobbie G from Rockwall, TX

Comments

Add your voice! Click below to comment. ThriftyFun is powered by your wisdom!

Related
In This Article
Teen girl holding a pink piggy bank.
Teaching Teens to Save Money
Next >︎
Categories
September 4, 2007
Guides
Students in a Kindergarten Classroom
Teaching Kindergarten Students
A child putting coins in a donation bucket.
Teaching Kids About Holiday Giving
Teaching a Child to Be Thoughtful
Teaching a Child to Be Respectful
A boy making a mean face and sticking out his tongue.
Teaching Children Good Manners
More
🎉
New Years Ideas!
🎄
Christmas Ideas!
Facebook
Pinterest
YouTube
Contests!
Newsletters
Ask a Question
Share a Post
You are viewing the desktop version of this page: View Mobile Site
© 1997-2016 by Cumuli, Inc. All Rights Reserved. Published by . Page generated on December 6, 2016 at 7:19:50 PM on 10.0.0.131 in 2 seconds. Use of this web site constitutes acceptance of ThriftyFun's Disclaimer and Privacy Policy. If you have any problems or suggestions feel free to Contact Us.
Loading Something Awesome!