raaman
Valued Contributor
Children should develop the habit of saving.
Teaching the little children the habit of saving helps them to be aware of money management and the impact it has on the future. It is the key to strengthen their financial education. The culture of saving is not only based on the amount of money that is set aside for a particular purpose, but also on the consistency in doing so. An expert states that having a good relationship with money from childhood is necessary, as it is likely to be maintained in adult life too. A piggy bank is the most used option to introduce little children to saving because it allows them to deposit those small coins that their parents, grandparents and uncles give them.
Teaching the little children the habit of saving helps them to be aware of money management and the impact it has on the future. It is the key to strengthen their financial education. The culture of saving is not only based on the amount of money that is set aside for a particular purpose, but also on the consistency in doing so. An expert states that having a good relationship with money from childhood is necessary, as it is likely to be maintained in adult life too. A piggy bank is the most used option to introduce little children to saving because it allows them to deposit those small coins that their parents, grandparents and uncles give them.
