Children aren’t money-savers by nature. If they receive some money as a gift or for completing their chores, they likely may want to spend it on the first thing they can think of if they have not yet learned how much fun it can be to save money.
Early on, it is important for parents to begin teaching kids to save money. One of the best ways to develop a child’s interest in saving money is to provide incentives while at the same time teaching the value of the action.
Here are a few helpful tips for providing incentives: