After the craziness of Christmas and the holiday season, do you feel like we do-like you want to regain control of your life, organize everything, eat less junk, spend less money? It’s kind of a nice feeling to start fresh and rebalance things. It also sort of feels like we need to step up the parenting, put aways the screens and stop letting them be total bums and teach some valuable life lessons. With a whole gaggle of kids between the two of us, teaching our kids important skills like how to manage money is something that we worry about, and thought with the new year it might be a good time to make saving money FUN for the kids! So we’ve got these fun printable piggy bank labels and 5 tips to help teach kids about saving money.
Heck, that’s so cute it makes US want to save money too!
When you’ve got a cute bank like this, saving money is FUN! And it’s obviously so simple-we’ve got the cute labels for you, you just wrap it around a jar and you’re all set! Let your kids pick which one they love best! (There’s a BUNCH at the bottom of this post.)
But first, let’s talk about tips for helping teach kids to save money.
5 Tips for Helping Kids Learn to Save Money: (and make it fun!)
Tip #1: Set up a saving plan.
Establish some ground rules for saving money with your kids before the money making starts. With them, decide how much of their money they are going to save so that it becomes a natural part of their lives. Whether it’s 25%, 50% or more or less, figure out what will work for your kids and set the clear expectation. Then, when they come home with $20 earned, they know that $10 goes straight to savings. Not only will this benefit them financially in the future, it will teach them very valuable habits now!
Tip #2: Give them opportunities to earn.
We’ve found that it’s important to give our kids chances to earn money-otherwise they have no concept of the work that it takes to make money and how to budget it once they have it. This will vary by age, but finding small jobs that they can do to make money gives them a chance to value it. It can be very eye opening for kids to realize the prices of things that they want to buy when they realize how hard they had to work to earn that quarter.
Tip #3: Talk to them about it.
Make sure that that you are having conversations with your kids about money. They probably see you spending money, but do they understand it? Do they know how you make that money or what it means when you swipe that credit card? Here’s a fantastic chart to help you know age appropriate times to talk to them about different aspects.
Tip #4: Give them a challenge!
Life’s more fun when we challenge ourselves right? How about giving your kids a fun money saving challenge like this one? What a huge success this would be if your kids could accomplish a challenge like this! Or, come up with a challenge of your own that works for your family-something that will make if fun for your kids!
Tip #5: Make it FUN with a great bank!
You already saw these at the top of the post and now it’s time to make them! Give your kids a cute way to save and they’ll be excited to see it fill up! All you’ll need to do for this is get a jar-any type or any size-and print one of these cute labels for it and you’ll have a fun bank!
We’ve got a bunch of labels for you to choose from-hoping there will be something for everyone! In order to use these you’ll need to right click and save, then open on your computer in a program like Word or Pages, and size them to the right size, then print.
*Note-you’ll probably want to size them to the full length of your paper with it horizontal-so 11 inches long.
Or, here’s a PDF with all of the different labels on it. Print the pages you want.
Make these with your kids and let us see! Tag us on social media at @funsquaredblog!
Have FUN saving money!
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